How soon are people notified if they are the high bidder?
It depends upon the type of sale. In an oral auction, the apparent high bidder is announced at the close of bidding for each parcel. For a sealed bid auction, the apparent high bidder will normally be notified within a week of the sealed bid opening, although this is dependent upon the number of properties offered for sale and the number of bids received. In either case, a formal written acknowledgement of the acceptance or rejection of the high bid will be sent within thirty days of the auction.
Timeliness of notification depends upon the type of sale. In an oral auction, the apparent high bidder is announced at the close of bidding for each parcel. For a sealed bid auction, the apparent high bidder will normally be notified within a week of the sealed bid opening, although this is dependent upon the number of properties offered for sale and the number of bids received. In either case, a formal written acknowledgement of the acceptance or rejection of the high bid will be sent within thirty days of the auction.
