Auctions are conducted live at county courthouses and venues. Some counties offer the option to bid online. Check your states' FAQ.
These auctions are free and open to the public.
There is no Buyer’s Premium on foreclosure properties.
You may drive by any properties you are interested in but do not trespass or disturb the occupant.
Cash or cashier’s checks are the accepted methods of payment. Payment in full may apply (dependent on state).
Read and understand all due diligence documents and transaction details prior to the auction.
Find a property of interest, complete your due diligence and fill out the Buyer Information.
Confirm the auction event that you are attending. Be sure to check auction dates, times and locations.
Confirm your properties and accept and agree to Auction.com's terms and privacy statement.
You’ll need cash or a cashier's check made out to yourself or Auction.com, LLC, in the amount of your maximum bidding amount. You will not be permitted to leave the location to obtain more funds once bidding has begun. You will also need a valid, government-issued photo ID (driver’s license or passport). This information will be verified upon check in.
Auction.com may offer financing (verify on your listing’s page). Learn more about Auction.com Finance.
If you are purchasing under a legal entity other than your personal name (such as a formed corporation, partnership, LLC or trust), Auction.com requires evidence demonstrating ownership and control of the entity, as well as evidence that the entity is in good standing. Bidding as a foreign (non-U.S.) entity or pending (U.S and non-U.S) LLC is not permitted.
Check in at least one hour to auction start at the auction location. Obtain an Auction Bidder Card and raise it when the auctioneer announces a price that you are prepared and willing to accept as your winning bid.
Winning bidders pay the auctioneer the winning bid amount. Payment is due on auction day or the following business day (dependent on state). Execution of sale receipt, deed upon sale and IRS Form 8300 will be completed once final payment is received (subject to state specific laws).
You will need to submit the following items:
Payment in full (dependent on state)
Entity documents (within 1 day of auction end)
Nothing is needed.