For Arizona Foreclosure auctions, a Winning Bid Deposit is the $10,000
required to participate in bidding. Upon winning, the $10,000 deposit
will be credited towards the purchase price.
Remote Bid users can take part in Arizona auctions from anywhere
using the app. Simply fund your Remote Bid account before the
auction.
Before bidding on a property, fund your Remote Bid account. You’ll
want $10,000 in your account for each property you win.
Bid from anywhere with Remote Bid in the Auction.com App. Place your
highest bid before the auction and adjust it as needed in real time.
If you were the winning bidder at the end of the auction, your
Remote Bid account will automatically be debited for just the bid
deposit amount.
The winner will then settle the
remaining balance by 5pm next business day.
We’ll send instructions on what happens next.
Learn about Remote Bidding and the process of submitting your $10,000 Winning Bid Deposit for Arizona
Foreclosure Auctions. Simply request a refund through the Remote Bid system and your refund will be processed in a matter of days.WHAT’S A WINNING BID DEPOSIT?
The rest of the funds are due by 5PM NEXT BUSINESS DAY.
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HOW IT WORKS
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It’s a great fit for Arizona auctions!
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Watch the webinar to learn moreFrequently Asked Questions
Questions about remote bid?
Arizona Remote Bid and Winning Bid Deposit
Previously, users were required to use certified cashier’s checks to pay the winning bid deposit immediately at time of win. Now, funding your remote bid account beforehand is the most convenient way to satisfy your Arizona bid deposit.
The Remote Bid system is automatically set up to be debited once you win the auction. After winning you’ll have 24 hours to pay the remaining balance of your winning bid. Auction.com will send you a communication to help you stay informed and get your payment to the right place.
Your money stays yours! Funds will remain in your Remote Bid account until you win an auction and are required to pay a winning bid deposit OR you request a refund.
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