How is the opening bid established?
The opening bid is established by the Seller, Lender, and Listing Agent. DO I NEED TO READ THE TERMS OF SALE? Yes. The Terms of Sale are the specific guidelines and rules that each bidder is required to follow. You can find the Terms of Sale linked to the description of each real property on this website. HOW DOES CLOSING WORK/WHEN IS PAYMENT DUE? Closing is usually required within 30 calendar days of sale or sooner. Only the seller may, at its discretion, exceed closing beyond 30 calendar days. Closing costs including, without limitation, transfer taxes, documentary stamps, recording fees, and escrow fees will be paid by the Buyer and Seller in accordance with the customs of the county in which the property is located, unless stated otherwise in the individual Terms and Conditions of Sale. WHAT HAPPENS IF I CAN’T CLOSE? If you cannot make deposits or final payments within the time frames specified in the Terms of Sale, you will forfeit any right and interest in the property. Title of
