What if the successful bidder at the public sale or at upset bid doesn bring in the purchase price?
Any bidder at either public sale or upset bid who doesn’t bring in the purchase price upon demand by the attorney will be subject to immediate loss of all deposits, as well as civil and/or contempt prosecution for failure to make the bid. All bidders who bid at tax foreclosure sales, either public or upset bid, are required by law to be aware of the penalties for failure to honor their bid.
Related Questions
- Is this public "invitation to bid" merely a means of setting the price for the remaining owners, or for some other "insider", to purchase H.J.Koobs 1/3 Interest?
- What if the successful bidder at the public sale or at upset bid doesn bring in the purchase price?
- What if the successful bidder at the public sale or at upset bid doesn’t bring in the purchase price?
