How long will the process take from close of auction to close of escrow?
The sealed bid auctions for the Sale Parcels will be due in 1st Quarter 2009. Once a bid has been accepted, the Government will award the Property, in writing (A Notice of Acceptance), to the winning bidder(s). From the date of award, the winning bidder(s) will have approximately ninety to a hundred twenty (90-120) calendar days to close the transaction, by providing the balance of the purchase price.
