What types of payment are accepted at public auction sales of mobile homes?
All payments at public auction must be in the form of a cashier’s check, money order, personal check or company check. A letter of guarantee from the issuing bank must accompany personal and company checks. All letters of guarantee must state that the bank will guarantee payment up to a specific amount. The buyer must present the letter of credit at the time of registration. Personal or company checks will not be accepted without a proper letter. There will be reasonable time after the conclusion of the sale for parties to purchase cashier’s checks or money orders for the amount of their bid(s).
