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What happens if the winning bidder is unable to produce the total amount due within three business days after they are deemed the winner?

April 26, 2017Business days deemed happens total winner winning

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What happens if the winning bidder is unable to produce the total amount due within three business days after they are deemed the winner?

1 Answer

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The bidder will be in default and will be subject to immediate loss of all deposits, as well as subject to civil and/or contempt prosecution.