Once you have won the auction you will be contacted by one of our representatives to arrange contract signatures and opening escrow. All auctions require a non-refundable earnest money deposit due to escrow by 1pm EST the following business day. 2% – 5% bid premium fee added to the winning bid price. (check auction listing for exact fee)
The deposit amount is listed on the property page. In the event earnest money is not deposited the second highest bid will be contacted to purchase the property. All of our escrows have a 10 day close.2