Property Auction Sale Process | The Procedure for Selling at Auction?
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In the Great Depression, there were things called Penny Auctions. When a property was foreclosed on, the bank would hold an auction on the property. The locals would show up, Sec Amendment in hand, and threaten anyone who would dare bid on it. The family that had been foreclosed on would pay very little to get their property back free and clear. | Morbid Curiosity
0:12
In the Great Depression, there were things called Penny Auctions. When a property was foreclosed on, the bank would hold an auction on the property. The locals would show up, Sec Amendment in hand, and threaten anyone who would dare bid on it. The family that had been foreclosed on would pay very little to get their property back free and clear. | Morbid Curiosity
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