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What does Bid Down mean?

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8:10 am
April 7, 2009

adnan

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When comes to Tax Liens What does Bid Down mean? Thank you

3:15 pm
April 7, 2009

Josh

Member

posts 158

It is a way of auctioning – in some states this is how it works – let's say that the rate is set at 16%, the bidding starts at this rate and then the bidders will “bid down” the interest until someone wins the auction.

3:16 pm
April 7, 2009

DragonDust

Member

posts 172

Here are the five bidding system explained:
http://wiki.answers.com/Q/What…..properties

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About the Tax Lien Investing | National Organization of Tax Lien Investors forum

Most Users Ever Online:

Currently Online:

7 Guests

Forum Stats:

Groups: 2

Forums: 6

Topics: 420

Posts: 1028

Membership:

There are 1978 Members

There have been 350 Guests

There are 2 Admins

There are 0 Moderators

Top Posters:

DragonDust – 172

Josh – 158

S_Johnson – 133

jozzy111 – 131

sniper – 7

mshatty – 1

Administrators: admin (18 Posts), banner (0 Posts)