| - |
Sealed Bid Sales are a fair and fast way to purchase a property |
| - |
You may bid on many sites at the same time (see Types of Bids section) |
| - |
All bids are due on a published date known as the bid deadline. |
| - |
All buyers sign the same purchase contract and send NRC a deposit in secured funds (cashiers checks or certified checks) |
| - |
Bids are generally reviewed by the Seller for about a week after the bid deadline |
| - |
Deposits for unsuccessful bids are generally returned within two to three weeks after the bid deadline |
| - |
If your bid is accepted, you must increase your initial bid deposit to 10% of your winning bid price within two days of receiving notice that your bid was selected |
| - |
You must close your sale usually within 45-days after being accepted |
Back to top