When searching for foreclosures in CurbView, there are some things you’ll need to know about opening bids.
The Opening Bid is the minimum amount you can offer for a property when the auction begins. Since it’s common for there to be multiple bidders, that figure usually increases throughout the duration of the auction.
About Opening Bids
Arizona State Legislature requires the Opening Bid to be set no later than 9 a.m. the day prior to the auction, but it’s often set sooner than that. If the Opening Bid is not set by then, the auction will be postponed.
Prior to the Opening Bid being set, it will display as $0 in the Auction Information. Be aware that if you enter any minimum amount other than $0 into the Opening Bid $ field, your results will be limited to auctions that already have Opening Bid amounts set. This could cause auctions that are further off in the future to be excluded.
To add Opening Bid to your Foreclosure search, click on Filters, Add Filter, and search for Opening Bid in the Foreclosure section.
Sometimes the Opening Bid changes the day of the auction and might not be reflected online. To be certain, contact the Trustee for the sale which is found in the Foreclosure Information section of the CurbView report.
Anonymous
Why do some of the Auction Date show with a green backround and some do not?
Chelsea O
Hello! Great question. The answer is threefold. The properties with the green background depict, at opening bid price, a positive Est. Percentage of Gain. Properties with the red back ground depict a negative Est. Percentage of Gain at the opening bid price. If there is no background color, there will also be no opening bid available yet preventing the positive or negative calculation.