Happens on Auction Day?
You should arrive at the auction site at least 30 minutes prior to the time of the auction. By doing this, you will have plenty of time to look at the property information, ask questions, review materials and register with the auctioneer. Don’t be late as a real estate auction can be over in a matter of minutes. All prospective buyers must register in order to bid, although there is no obligation to bid at an auction because you have registered. To register, you will need to provide evidence that you have the earnest money deposit required to bid. The earnest money deposit must be in the form of cash, certified check or bank/cashier’s check. Check in advance to see what that amount will be and what other financial arrangements must be made in advance. A valid driver’s license or other acceptable form of identification is also required. See the Terms and Conditions of each sale to obtain the specifics as to the deposit requirements for the property of your interest. A Word of Caution: A
