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Have a question? Scroll down to find answers to our most Frequently Asked Questions
Please visit the applicable County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly to obtain information regarding foreclosure sales. For sales conducted by Auction.com, you can visit our Auction Calendar and access the information posted on the Property detail pages for further details.
Be sure to verify all information relating to the foreclosure sales with the appropriate County or Foreclosure Sale Agent. The following Foreclosure Sale FAQs were not developed in coordination with the County or Foreclosure Sale Agent. These FAQs are being provided for educational or informational purposes only; they are not intended to be a substitute for professional advice, whether legal, real estate or otherwise. The information provided is subject to change. It is recommended that prospective bidders seek professional advice and carefully review the County or Foreclosure Sale Agent’s Terms of Sale and contact the County or Foreclosure Sale Agent to fully understand the foreclosure process and foreclosure sales.
A foreclosure sale is conducted via a public sale that is open to all bidders. The Property is either sold to a third-party bidder at the event or reverts back to the beneficiary (Mortgagee, Bank or Lender) as a Real Estate Owned (REO) Foreclosure. Please contact the appropriate County or Foreclosure Sale Agent to request a copy of the bidding rules and review the sale process in detail.
The time and place of foreclosure sales are county specific. Please visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit our Auction Sales Calendar.
In this state, you can bid on select foreclosures in eligible counties right on the Auction.com app.Visit our Remote Bid Page for more details.
Typically counties require funds to be paid in the form of cash, bank money order or cashier’s check at the time of sale. Personal checks, company checks, letters of credit, or charge cards may not be accepted. Be sure to visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit the property detail page for more information.
The sale of a Property may be cancelled or postponed for many reasons prior to the start of bidding at the sale. There is no guarantee that a particular Property will actually be brought to sale. Please visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit the property detail page for more information.
No, a buyer’s premium does not apply for these specific sale events.
Typically no. Properties will be sold “as is, where is,” with all faults and limitations. All prospective bidders are encouraged to conduct their own due diligence and investigate all matters relating to the Properties that they are interested in purchasing. It is recommended that you seek independent advice to perform your due diligence and to fully understand the foreclosure process and foreclosure sales in general prior to the sale. Doing your homework pays off! Some properties may have information provided by Auction.com on the Property detail pages. It is your responsibility to do a title search and seek any needed advice from counsel prior to the sale. Please visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific Property and title information.
No, as these Properties can be occupied, prospective bidders may not trespass on the Property, disturb the occupants or contact the borrowers to obtain information about the Property. However, detailed Property information for some properties may be available for informational purposes only on the Property detail page at www.auction.com
Typically no. A redemption period may be imposed which could vary based on certain factors. During a redemption period the borrower may be able to redeem the premises. Please consult your real estate counsel or the County or Foreclosure Sale Agent for specific details regarding any possible redemption period that could be imposed in California.
This process is required by a new California law effective January 1, 2021.
To qualify as a prospective Owner-Occupant, the winning bidder at the foreclosure sale will need to sign an affidavit certifying that they intend to take residence in the property within 60 days of the sale and will occupy the property for at least a year.
There will be a 15-day period for Eligible Bidders or Eligible Tenants to submit an intent to bid. If a bid comes through, you will have to wait 45 days from the date of sale for them to finalize the sale.
If the Eligible Bidder or Eligible Tenant provides their funds within 45 days after the sale, the sale will be final and the property will be sold to the Eligible Bidder or Eligible Tenant. In this event, your funds will be returned to you.", "If the Post-Sale Bidder is not able to finalize the sale for any reason within 45 days after the sale, your purchase will be finalized.
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Bring Funds
If you win, you may be required to pay in full or a percentage of the winning bid immediately following the auction. Either way, you’ll have to pay in certified funds, such as a cashier’s check. Please contact the county or visit the county website for more details.
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At the auction, you may be required to show your government identification and proof of funds to register to bid. Please contact the county or visit the county website for more details.
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