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What happens if a winning bidder does not complete the sales transaction?

April 26, 2017COMPLETE happens sales transaction winning

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What happens if a winning bidder does not complete the sales transaction?

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A non-performing bidder forfeits their Bid Deposit to the County and is not permitted to participate in any future auctions conducted by Bid4Assets. The County can also elect to ban the non-performing bidder from all of its future tax sales. If the law permits, the County may request Bid4Assets to contact the second highest bidder of the auction to complete the sales transaction.