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If you are looking to be the top bidder at the online auction site GoHoming.com, this may interest you. When a foreclosed home is initially listed, it usually has an online auction period where bidding ends at a specific time, with some extensions of time for last minute bidding, and the high bidder wins. If reserve is not met, or buyer backs out for some other reason, the home is relisted at Gohoming.com and bids are accepted again.