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What is the required minimum for an upset bid?

April 26, 2017bid minimum upset

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What is the required minimum for an upset bid?

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Foreclosure upset bids require a 5% increase over the last bid, with a minimum increase of $750. County auction sales are final and NOT SUBJECT TO UPSET BIDS. Surplus property upset bids must be increased by 10% of first $1,000 and 5% of the balance of the most current bid.