WEBINAR: Navigating AZ Remote Bid™
and Winning Bid Deposit

Watch Our Webinar Replay and Enhance Your Bidding Strategy
Welcome to our webinar recap on “Navigating AZ Remote Bid and Winning Bid Deposit.”
Hosted by Auction.com’s Buyer Success Team, this session provides key insights to help you navigate remote bidding in Arizona. Whether you’re experienced or new, you’ll find valuable tips to maximize your bids and secure winning bids confidently.

Why Watch This Webinar?
Investing in Foreclosures can be daunting, especially in a competitive market. Our team provides the knowledge and tools you need to make informed decisions and achieve your real estate investment goals. Your success is our priority, and this webinar is designed to help you succeed.

What You’ll Learn:

How Remote Bid Works (1 of 8)

  • Create a free account on the Auction.com website or app to start saving your favorite properties.
  • Bid on numerous properties at once and set up multiple purchase profiles for ease of completing the transaction.
  • Fund bids remotely, with a required $10,000 Winning Bid Deposit for Arizona properties.
  • Submit bids 24 hours in advance. Full payment of the winning bid is due by 5 PM on the business day following the auction.

Search, Filter, Sort & Save Properties (2 of 8)

  • Search, filter, sort, and save properties to zero in on the Foreclosure properties of your choice.
  • Save properties to your favorites by clicking on the heart shaped Save icon.
  • Start your research by examining the comprehensive property detail pages.

Set up Your Purchase Profile(s) (3 of 8)

  • Save time by setting up Purchase Profiles with vesting and mailing information.
  • Get qualified for Remote Bid by providing your email, legal name, and other identifying details.
  • Once approved, you’ll receive an email with the next steps and a dedicated specialist from our Buyer Success Team to assist you in your remote bidding experience.

Fund Your Account in Order to Bid (4 of 8)

  • Fund your account at least 1 business day before the auction, with a 3 pm EST wire cutoff.
  • Include your Bidder ID in transfers.
  • Most states require full funds to be submitted after winning an auction, but in Arizona, you may use a $10,000 deposit to place a bid on a property.
    – Consult your Buyer Success specialist or an attorney experienced in real estate transactions for guidance.

Submit your Remote Bid (5 of 8)

  • Click on the Property’s Detail Page from search results or your Saved properties dashboard.
  • To place a bid, click Submit a Remote Bid, select your Purchase Profile, enter your bid, and press Submit.
  • Your $10,000 Winning Bid Deposit will be withdrawn immediately upon placing a bid

Why Place your Bid in Advance? (6 of 8)

  • Place your bid in advance for the best experience and prioritization.
  • Early bidders receive a confirmation email, while same-day bidders must check the app for confirmation that a bid has been received.
  • Bidding early helps you stay ahead on auction day and frees up time to focus on other aspects of your purchase or investment strategy.

Auction Day: Make the Most of the Auction.com App (7 of 8)

  • Click “Join Auction Now” on the Property Detail Page to watch live bidding.
  • Enable Push and Text Notifications for real-time updates on auction status, bids, and results.
  • The Auction in Progress dashboard shows live bidding and tracks your remaining funds.
  • You’ll be notified if you win or are outbid.

After the Auction (8 of 8)

  • After the auction, you’ll receive an email with the next steps or payment instructions.
  • Click the email link to withdraw funds, viewable in the app.
  • Funds are returned within 2 business days.
  • Submit a withdrawal request via the app.
  • Consult your Buyer Success specialist or an attorney experienced with real estate transactions on deed timing, usually 2-4 weeks in Arizona.
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Navigating AZ Remote Bid and
Winning Bid Deposit Webinar

Frequently Asked Questions

The opening bid is determined by the trustee firm that handles the legal proceedings of a Foreclosure sale. They assess all the costs connected to the property - the outstanding amount on the mortgage, liens, fees, and taxes - to determine the opening bid amount.
The Winning Bid Deposit allows you to participate in the Foreclosure auction. If you are not the winning bidder, you need to submit a request to have your bid deposit amount wired back to you. You can also keep the funds and continue to bid on other properties. If you are the winning bidder, the Winning Bid Deposit will be deducted immediately, and the remaining balance will be due by 5 pm the business day following the auction.
Foreclosure properties are bid on at public auctions and across the country, financing is typically not available. They involve all cash sales.

Yes, if you save properties to your favorites, it allows you to see what that property sold for.

You can fund your remote bid by a bank wire and submit bids on multiple properties across multiple states. We will deduct the amount necessary to finalize the winning bid (in some states this may be a deposit or full funds, in Arizona it is the $10,000 Winning Bid Amount) and forward it straight to the trustee firm.

The opening bid amount may not always be posted on the property detail page. It’s advised that you save the property in your favorites to receive notification on any opening bid, whether the property is cleared for sale and whether it’s been sold.

You can keep the deposit in your Remote Bid account for as long as you need. It stays in your account until you submit the Funds Withdrawal request form.

You cannot cancel the bid once it is secured. So make sure to do your due diligence to know exactly how much you can afford to bid since you cannot cancel or decrease the bid. However, you would still be able to increase your bid.

Questions?

Reach out to our Buyer Success Team at BuyerSuccess@auction.com