We have the note for the home at 1401 SW 65th St in OKC and we are going to the foreclosure auction on 12/5. Does the county require funds at the auction or any kind of deposit from the winning bidder? Just curious since requirements are different between states/counties.
@Bob Malecki . Yes the winning bidder is required to put down 10% of the winning bid amount within 24 hours of the auction.￼
Thanks @Will Fraser how much time is allowed for them to pay the remaining balance?
It's my pleasure, @Bob Malecki The remainder is due at the confirmation hearing, which is usually within 30 days IF it happens.
Fyi we ended up taking this back at the auction late last year, now looking to liquidate as REO