Homepage - available to the public without registering or signing in

Transcription

1 Homepage - available to the public without registering or signing in

2 Foreclosure Instruc8ons

3 Note - we are s8ll not registered or signed in Auc8on Calendar shows Tax Deed and Foreclosure sales Click Register

4 Registra8on create a user id, enter your informa8on, add affiliates if you wish to have the 8tle issued in a name other than your own

5 Registra8on is not complete yet. Check your for the ac8va8on link.

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8 View Auc)on- you can place bids Auc)on Upcoming- you cannot place bids un8l 8am the morning of the sale Once you are signed in, you will see new menu items: My Payments, My Auc8on Results, and My Account. You will also see the search box in the upper right. Click My Payments to submit a deposit

9 My Payments you may submit a deposit into a tax deed or foreclosure sale account. The below table shows your deposit account summary. Click Submit a Deposit

10 ACH Deposit online takes 3 full business days to clear, funds available on the 4 th business day. You may fund your deposit account by going to the Clerk s office and paying via cashier s check.

11 To bid on cases in today s sale, click on View Auc8on

12 You will see your Pre- Auc8on Checklist for each foreclosure sale you click on. Here, you can view your deposit account summary, enter affiliates to issue 8tle in their name, and go to Enter Bids.

13 Click to expand to show case informa8on Bid Page - you will see all of the cases, if the Plain8ff has made their maximum bid visible or not, and what the current best bid is.

14 Click Enter Max Bid to start bidding

15 Once you click I Agree, you will be taken to Enter Max Bid for the case you selected on the previous screen. Bidding Qualifica8on Checklist verify your informa8on, acknowledge that you have read the rules and agree to the terms of the site

16 Best Bid means, if the case sold this instant, it would sell for the best bid amount to the leader (in this case, $100) Plain8ff s Max Bid- the plain8ff chose to make their max bid visible, so you can see that you cannot win this case unless you bid $100,100 or more You can submit a max bid of $200, but you know you will not take the lead because the Plain8ff is willing to bid up to $100,000.

17 To become the leader, type in your bid of $100,100, then click submit

18 Once you click submit, you will see your max bid so that you can review it, then click confirm. You cannot retract your bid once you click confirm.

19 Once you submit and confirm your bid, you will see your status (either Leader or Trailing) and a yellow message at top of the screen When you enter a bid on a case, the site automa8cally stars the case as one of your favorites

20 You can select the star to add a case to your favorites, then click display my favorites and you will only see the cases you starred.

21 Now, only your starred cases are displayed. Your Max. Bid is only visible to you Bid Limit U8lized your Bid Limit is 20 8mes your deposit account balance (deposit is 5% of what you intend to bid). Your bid limit u8lized will change if/when you become the Leader of a case. You cannot bid above your Bid Limit.

22 Since the plain8ff max bid isn t visible, we don t know how much we have to bid to become the leader The site only allows bids to be in $100 denomina8ons, so you cannot, for instance, bid $154,

23 All bids must be in $100 denomina)ons The final judgment amount is 154,277, but you are willing to pay $155,000

24 Enter max bid is a two step process. You must click submit, then review your bid, then click confirm.

25 Yellow Message your bid has been submiied successfully, but it is not the leading bid. Remember, your max bid is only visible to you Since you bid $155,000 but either the plain8ff or another bidder has a maximum bid higher than $155,000, the best bid is now $100 more than your max bid of $155,000 and you are not the leader

26 Auc8on Clock

27 About five minutes later, your status changed to trailing, which means somebody else put a max bid in of more than $100,100 (your hidden max) Since you are no longer the leader on any cases, your bid limit u8liza8on is back down to $0.00. Now you are interested in this case (plain8ff s max is visible) you click enter max bid

28 You are willing to pay $140,000

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30 Yellow Message Your bid has been submiied successfully, and you currently have the leading bid. Your max bid is $140,000 and you are leading with the best bid of $120,200 which means if the auc8on were to end this instant, you would win the case for $120,200. Suppose you don t want to be on the hook for up to $140,000 and you want to lower your max bid. Click Change Max Bid

31 Currently, your invisible max bid is $140,000 and you are the leader with a best bid of $120,200.

32 You aiempt to change your max bid to below the best bid amount (for example: change it to $120,100).

33 You will not be able to change your max bid to anything below $120,200 because that is the best bid. You must change your bid to $120,200 or greater.

34 You change your max bid to $120,200 and will remain the leader un8l another bidder bids $120,300 or more.

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36 Your max bid is now $120,200 instead of $140,000 and you are s8ll the leader with the best bid of $120,200

37 With minutes lej in the auc8on, somebody placed a bid on the 4 th case in your favorites list.

38 The cases are closing one minute ajer the other and you have 57 seconds on the case you are trying to win.

39 You won a case for $120,000 but the results will not show un8l every case selling that day has closed. One Minute Rule If a bidder becomes a leader in the last one minute of the sale, the Auc8on Clock will change to reflect a new auc8on close 8me and the sale will be extended one minute to allow addi8onal bidding. (Please see FAQs on the website under Foreclosure Instruc8ons)

40 Your winning bid summary shows your total due, which equals: your final bid (+) registry fees (+) online sale fee (+) doc stamps ( ) 5% of the winning bid amount taken out of your foreclosure deposit account. All cases in the sale are closed for the day and your bidding summary automa8cally loads and displays your results.

41 To make final payment, you must indicate how you wish to pay and select the cases you ve won.

42 Once you select the case, the final payment amount will auto- fill in the amount sec8on, then you select your payment method.

43 Submit your indica8on of final payment and be sure to make final payment to the Clerk by 2p.m. the day following the sale.