Auction
Overbid
The part of a winning bid above the opening bid.
The overbid is what creates surplus funds. After the county is paid what it is owed, the overbid is held for lienholders and the former owner.
Large overbids signal competition. Sale results with big overbids are useful for judging what similar parcels may draw.
General information, reviewed 2026-10-12. Not legal advice. Rules change and each county publishes its own sale terms; confirm with the county before bidding.