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Buying at Auction

Terms of Sale for Foreclosures

In order to participate and bid at an auction, one must have the appropriate deposit as specified below with him/her at the time and place of the auction. Auctions take place on the property. Registration is complete after signing in with the auctioneer and showing him/her the deposit.

All deposits are to be shown to the auctioneer at the time and place of the auction. Deposits must be in the form of cash, certified check or bank check. The check should be made out to yourself.

When the property is sold, the highest bidder will be required to endorse the check over to the law firm immediately upon the property being sold. The auctioneer will be working with the high bidder in completing the paperwork in completing the transaction. After the check is endorsed, the high bidder will be required to sign a Memorandum of Sale (Purchase & Sale Agreement) in triplicate.

In most cases or otherwise noted, the balance of the purchase price will be due in 30 days. Any and all other terms shall be announced at the time and place of the sale. The auctioneer makes no representations as to the accuracy of the information contained in any advertisement in print or on the internet.

In order to qualify as a bidder at the auction, one must have the appropriate deposit as specified below with him/her at the time and place of the auction.

All deposits are to be shown to the auctioneer at the time and place of the auction. Deposits must be in the form of cash, certified check or bank check. The check should be made out to yourself.

The high bidder will be required to endorse the check over to the law firm immediately upon the property being sold. After the check is endorsed, the high bidder will be required to sign a Memorandum of Sale (Purchase & Sale Agreement) in triplicate.

In most cases or will be otherwise noted, the balance of the purchase price will be due in 30 days. Any and all other terms shall be announced at the time and place of the sale. The auctioneer makes no representations as to the accuracy of the information contained in any advertisement in print or on the internet.

 
 
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