Ever seen an Opening Bid of $0 when you’re searching foreclosures in Monsoon? It appears as part of the Auction Information.

Snapshot of Monsoon Foreclosure Auction Information for a single property with Opening Bid of $0 highlighted.

This begs the question, “Is the opening bid really $0? My client can bid $1 and win the auction?”

Unfortunately, no such luck.

An opening bid of of $0 in Monsoon simply means the opening bid for that property hasn’t yet been set. Once an opening bid is determined, the opening bid’s true value will be reflected in Monsoon.