Homes in Fort Lauderdale that are listed for auction and REO homes in Fort Lauderdale are subject to bid. In the case of a live auction, you will hear the bids. In the case of an REO, you will not hear the bids because they are submitted via email by each potential buyer.
Typically, in the case of REOs in Fort Lauderdale, the bidding begins at the listed price. If you are truly serious about purchasing a townhouse in Fort Lauderdale, call your real estate agent in Fort Lauderdale and tell you agent what you are looking for.
Your realtor will send you a list of currently available homes that give you what you are looking for and whose listing prices are accurate. Your agent will also be able to give you an idea of what your monthly expenses will be.
Marc Jablon, the Jablon Team
Re/Max Complete Solutions
Whenever you find these listings posted on Trulia, Zillow and other like internet venues (except for Realtor.com) and the listings sound too good to be true, that's because it is usually too good to be true. The catch to what you found about this townhouse is "FOR SALE/AUCTION...FROM $50K..."
If you cannot see an actual MLS# with the listing, it is only a come on listing to lure you to call that auction entity. For accurate listings, always search ONLY on http://www.realtor.com.