Condo Auctions are now a regular occurrence in large cities across America. Most of the time they happen because a developer is having trouble selling their remaining condos in a traditional fashion and they're ready to close the sales office and move on to their next project.   There are typically three types of condo auctions: "Reserve" auctions mean the seller has complete control over whether or not they accept the high bid, even after the auction is concluded (unlike reserve auctions … [Read more...]