Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Absolute Auction Absolute Auction November 9, 2021 An auction in which the subject property is sold to the highest bidder regardless of the amount of the winning bid.You Might Also Like: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language