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How are the Bids reviewed and accepted?

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How are the Bids reviewed and accepted?

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Bids are reviewed for acceptability on the following business day after the deadline of Bid submission. Please do not submit bids until after all bid winners are posted for that day. All Bids are accepted based on HUDs guidelines which are followed strictly. Please remember that we do not archive any Bids. Bids are opened for review and either they are accepted or rejected and discarded. If the property shows that it is still available after the results are posted, please submit your Bid, again and again everyday, till either we have lowered the price to meet your bid, or that by the Bidder increasing the price in each subsequent bid, has met our acceptable amount.

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*Sadly, we had to bring back ads too. Hopefully more targeted.