Banks are constantly tweaking their foreclosure package, thinking it will provide more benefits. In the confidential remarks:

This property is under Auction Terms. All bids are to be submitted through auction.com. This property is subject to a 5% buyer’s premium.

Here is the link:


It has a reserve price, the buyer pays the 5% premium on top of the sales price, the on-line bidding doesn’t start until May 30th, and the opening bid is $450,000.

The list price is $939,750 in the MLS:

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