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.

Written by Emily H from ARMLS
Emily started as a Content Specialist in 2016. Formerly a college composition instructor, she loves all things writing and teaching. When not assisting subscribers, Emily can be found wrangling her 3 cats.