I bid on a real estate auction that was announced by the court, but it was "withdrawn" before the bid opening date. What does this mean?

In many cases of real estate auctions conducted by the courts, bids are withdrawn before the opening day of the auction, depending on the intention of the creditor who offered the real estate auction.

Whether or not to withdraw the petition for real estate auction is determined by the creditor who filed the petition. For example, it is not uncommon for a petition to be withdrawn if it meets the conditions that the creditor considers, such as when the debtor can expect to collect a satisfactory amount of money by selling the property to a third party.