What if I am the successful bidder and fail to return payment within 24 hours?
According to Florida Statute 197.542(1), the Clerk may refuse to recognize the bid of any person who has previously bid and refused, for any reason, to honor such bid. In other words, you would not be allowed to bid at any future tax deed sales in this county for a period of 12 months from the time you defaulted on your bid. The property would be re-advertised and offered for sale no later than 30 days from the date the sale was canceled. All costs of the sale will be paid from the cash deposit with any remaining funds applied toward the opening bid.
