Here in Florida, it certainly can and often does. Properties that go to auction frequently have a "reserve" price, which means that if the owner (usually a lender) does not get their minimum acceptable sale price, then even a winning bidder may not be allowed to make the purchase. If it is an "absolute" auction, then the owner will sell to the winning bidder regardless. However, most auctions I have seen are not absolute, and buyers know that the winning bids will be reviewed before they are accepted. Obviously, if no successful sale results from the auction, then the property will likely be re-listed with a local agent and put back on the market.

Nancy,
Good question and the answer is yes. If a home doesn't sell at auction for the minimum price they are willing to accept. I often times see it back on the market in a relatively short time. saw this more frequently last summer then I am seeing right now.

Hope this helps.

Micki