A peek inside the auction business


A particularly comprehensive auction piece on HousingWire.com caught my eye.

Andrew Scoggin’s post headlined “Do I Hear 20,000?” was so good that I had to share it with the auction aficionados among us.

Among other things, he explains tax foreclosure auctions, provides information on the volume of property auctions in the U.S., writes about online bidding, analyzes types of bidders and discusses fraud.

I didn’t know a lot of what is in the piece, for example: Continue reading