Auction One family home for sale in Montrose. Eligible bidders: Owner Occupants, Nonprofits, and Government Agencies only, Bid submission deadline: 6/11/2016 11:59:59 PM CT, Total rooms: 5, Parking: Driveway (2 spaces), Hoa charges: $0.00, Fha financing: UI (Uninsured), 203k eligible: Yes. An property for auction is 1 that is sold or about to be sold at a public auction, usually at the county courthouse. This means that the property owners could not payoff the arrears or sell the property before the date of the auction.