North Carolina
Skip the In-Person Auction
Bid on Foreclosures from Any Device, Anywhere.
Foreclosure auctions have traditionally required in-person attendance.
Now, with the Remote Bid feature, you can bid on properties from anywhere—eliminating the need to be there in-person. Join the 34,000 investors, and growing, who have already purchased over $410 million in Foreclosure properties—right from their devices.
DID YOU KNOW?
In North Carolina, Foreclosure sales can be complex, often requiring buyers to write multiple checks to different Sales Agents, which adds confusion and extra steps.
REMOTE BID MAKES IT EASY
With Remote Bid, fund your winning bid deposit in advance. When you win, Auction.com automatically wires your deposit to the appropriate Sales Agent, streamlining the payment process so you don’t have to manage multiple checks or make extra trips to the bank.
Important: Remote Bid is available only during the active bidding period of the in-person auction. In North Carolina, there is a 10-day “Upset BidThis term refers to properties won in foreclosure sales in North Carolina. The Upset Bid is a bid that is placed within 10 days after the end of the auction. Each subsequent bid must be 5% or $750 higher than the previous bid. Each time a new high bid is placed through the county clerk, the 10 days start over. This process continues until no new bids are placed and the 10 days run out.” period following the auction; Remote Bid cannot be used during this “Upset Bid” period.
A BETTER WAY TO BROWSE, BID & WIN!
HOW IT WORKS
Before bidding, determine your highest bid and fund 5% of that amount or $750 (whichever is greater) into your Remote Bid account. You'll need 5% of your highest bid for each property you win or $750 if your highest bid is $15,000 or less.
Bid from anywhere with Remote Bid. Place your highest bid before the auction and increase it in real time if needed.
If you win the auction, your Remote Bid account will automatically be debited 5% of the winning bid amount or $750, whichever is greater.
The remaining balance will be settled within the timeframe specified by the law firm associated with the property for that sale. Keep an eye on your email for the next steps. Ensure you check with the law firm managing the closing process to meet any required deadlines.
Frequently Asked Questions
To get approved for Remote Bidding, start by completing your bidder profile in the Auction.com app. You’ll need to sign the necessary agreements using DocuSign, which confirms you accept the terms and conditions, including how you’ll fund your account. We recommend starting this process at least 2 days before the auction to ensure everything is in place on time.
Once approved, you can find wire information and return of funds information by going to the "More" tab and selecting "Wallet" at auction.com/dashboard/wallet.
Yes! You can place a Remote Bid using either the Auction.com app on your mobile device or from a desktop or laptop computer. Once you’re approved and have funded your account, you will see the option to use your Remote Bid access when you visit eligible property details pages. All bids and activity are subject to our Participation Terms.
Before you place a bid, you must complete a Purchase Profile in the Auction.com app. This profile includes important details, such as how do you want the deed to be listed, which will be reflected on your Certificate of Sale if you win. You can create or update your Purchase Profile by visiting your Dashboard. Ensure this is done before bidding to avoid any delays or issues.
Before bidding, determine your highest bid and fund 5% of that amount or $750 (whichever is greater) into your Remote Bid account. You'll need 5% of your highest bid for each property you win or $750 if your highest bid is $15,000 or less.
To add funds, you’ll need to wire the money to your escrow account as detailed in the Bidder Escrow Agreement. Be sure to include your Bidder ID in the notes section of your wire transfer, as this is necessary for the proper allocation of your funds. Make sure your funds arrive by 2 p.m. (EST) the day before the auction.
You will receive an email confirmation with the subject line "ALERT: Remote Bid Funds Updated" when your funds have been updated for both incoming and outgoing wires. You can also check your available funds in the Auction.com app by going to the “More” tab and selecting "Wallet”. This works the same way for both Android and iPhone users. Manage your funds easily at https://www.auction.com/dashboard/wallet/.
Once your Purchase Profile is set up, and your funds are posted and confirmed, you can start placing Remote Bids. Remember, once you place a bid, it cannot be withdrawn, so only bid what you’re willing to pay.
Yes, you can increase your bid during the auction. However, we suggest placing your highest bid in advance to ensure it’s received. All bids are final once placed.
If Remote Bidding isn’t an option, you can still attend the auction in person to place your bid. Just be sure to follow the same auction rules and terms.
If you don’t win the auction, you can request a refund of your funds through the Auction.com app or by visiting auction.com/fundwithdrawal. Your money will be returned within 2 business days, as long as you have satisfied our Participation Terms and all your account details match.
You will also receive an email confirmation when your funds are being returned with the subject line "ALERT: Remote Bid Funds Updated". You can track the status of your returned funds by checking the "Wallet" section under the "More" tab in the app or by visiting auction.com/dashboard/wallet.
This term refers to properties won in foreclosure sales in North Carolina. The upset bid is a bid that is placed within 10 days after the end of the auction. Each subsequent bid must be 5% or $750 higher than the previous bid. Each time a new high bid is placed through the county clerk, the 10 days start over. This process continues until no new bids are placed and the 10 days runs out.
AUCTION.COM IS THE SOURCE FOR FORECLOSURE SUCCESS
