Normally on a sealed bid, anyone wishing to make a bid must write their bid and seal it in an envelope. At 4pm the bids will have been opened and (unless they've set a reserve price) the highest bid will buy the house, even if it's for a silly figure :((posted 7774 days ago)I've been led to believe this is how they sold my house 4 weeks after repo for 40-50% discount.
Sue