Yes But registering is free and simple. We request hat your register at least 24 hours prior to the auction day in order to receive information relating to the event and create a quick check in process on event day. You must register separately for each auction event listed in the auction calendar.

You can bid in person at the auction (best), online via our auction webcast, or submit a valid written offer on the auction purchase contract which will be held as a bid to be read at the event (an absentee bid). To bid at auction you will need a $5000 cashier’s check payable to yourself, a valid ID, your co-buyer present with you, any prequalification documents from your lender, and corporate/partnership or trust documents needed. Please view our terms and conditions for full details

The webcast is an auction audio simulcast that allows you to hear the auction and place bids via your computer and phone line. It is a convenient way to bid if you cannot attend the auction, but it is always safer to attend in the event you have computer problems, internet connectivity issues, etc. You must register for the webcast at dovebid.com and install the simple software on your computer. Credit card authorizations (not a charge) of $2,500 will be taken when you register for the event in lieu of the typical cashier’s check required to attend the event in person. If you are the winning bidder on the webcast, you will be transferred or called back immediately by our contracts team and lender to overnight the purchase documents to your home or business for immediate return. Failure to return the documents within 48 hours may result in your credit card being charged.

No! The sellers provide insurable title all properties sold at auction. You will receive a standard "Title Policy" as part of your transaction which is paid by the seller. You are responsible for the cost of any lender’s policy. Please review the purchase agreement for further details.

Yes. In order to bid with confidence, every buyer should get pre-qualified before the event. Countrywide Home Loan representatives are available to get you pre-qualified before the event by calling 800-648-5799 or indicating your desire when you pre-register online and they will contact you. Lender representatives also will be available prior to the start of the auction. You will receive a 17 day loan contingency in your purchase contract if you utilized Countrywide. There are no financing contingencies when using your own lender

You are free to use your own lender. However, if you choose another lender there is no financing contingency and failure to achieve loan approval and close the transaction within the specified time frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as large, national lending companies who specialize in helping everyone...from the first-time buyer to the sophisticated investor. Please see the auction terms and conditions and review the purchase agreement so you are fully informed.

Absolutely! The only way to make an informed decision regarding the purchase of a property is to visit and inspect the property prior to the auction, but to also view any property information and disclosure documents you feel are necessary. Do your inspections ahead of time. By registering and bidding at the auction, you are representing that you have not only viewed the property prior to bidding, but have inspected, reviewed and accepted all relevant property information you deem necessary to make an informed decision. The properties will not be open for inspection after the auction so be diligent and do your inspections and investigations prior to the auction. There is no inspection contingency.

The bidding order will be published on our website the Tuesday afternoon prior to the auction event. Simply click on the auction event and the list of homes will contain a bid order. At the auction we will hand out a brochure with the homes listed by bid order

The closings are expected to occur within 30 days of the auction event. At closing, and upon payment of the purchase price and closing costs, you will receive insured title to the property. Please review the purchase agreement for additional information.

No! Once the auctioneer has announced "sold," and you have signed the purchase contract you have agreed to purchase the property. There is no rescission or "cooling off period". That is it why it is important for you to conduct all of your due diligence and inspections prior to auction day and bidding on the property. Please review the auction terms and conditions for further information. In some cases there are contingencies (financing and occupancy) but they are not "out-clauses" if you change your mind.

Generally, we are able to auction between 20 properties per hour, so things will be moving at a rapid, but manageable pace for our bidders. The length of each auction is dependent upon how many properties are in the auction portfolio for auction day. Please allow yourself sufficient time for traffic, parking, and registration to attend our auction event so you are not rushed prior to the auction of the home you are interested in purchasing.

Winning bidders will be asked to sign a bidder confirmation card immediately after the auctioneer completes the bidding for the subject home. Than you will be escorted to our contracts area where you will meet with our auction lender and than execute the purchase contract and sign over your cashier’s check and earnest money check to our onsite escrow officers. Purchase contracts, addendums, and disclosure information is available for review prior to the event on the property detail page of every home. Please review contracts before the event so we can get you through the process efficiently. If you have not pre-qualified prior to the event, you will be required to have a credit check run by our onsite lender unless you indicate an all-cash purchase and have a proof of funds on hand.

If you don’t sign the contract or fail to achieve a prequalification commitment within a timely manner immediately after winning, the auction team will void your bid and re-auction the home. Please see the terms and conditions for full details.

The 5% Buyer’s Premium is used to help the Auction Company/Broker promote the auction. It is a standard practice utilized by most major auction companies. The Buyer’s Premium is 5% of the Winning Bid Amount and added to the Winning Bid Amount to arrive at the Total Purchase Price. As an example, if the Winning Bid Amount is $300,000, then the Buyer’s Premium is $15,000 ($300,000 x 5% = $15,000). The Total Purchase Price is then calculated as the Winning Bid Amount PLUS the Buyer’s Premium or $300,000 + $15,000 = Total Purchase Price of $315,000. The Buyer’s Premium is typically financed as part of the purchase price.

The Earnest Money Deposit is the amount of money you are required to put down on auction day. On auction day, you must deposit with the escrow/closing agent an Earnest Money Deposit equal to 5% of the Total Purchase Price, regardless of the amount you finance. This is not the down payment but rather, the amount required as earnest money on auction day. As an example, if the Total Purchase Price is $300,000 then the Earnest Money Deposit required on auction day is $15,000 ($300,000 x 5% = $15,000). The Earnest Money is subject to the liquidated damages provisions in the purchase contract and may be forfeited if you do not close the transaction.

The first $5,000 of the Earnest Money Deposit must be paid by a cashier’s check or cash. The remaining balance can be paid by a personal check or by cash. You will be provided with a receipt on auction day showing that the escrow/closing agent received your Earnest Money Deposit. There are no exceptions to this requirement.

We cooperate with agents and brokers and offer 2% of the final bid price as compensation. Your agent must be present with you at the auction. If you bid via the internet, simply inform the contracts team of your broker information. No commission will be paid to broker or agent acting as a principle See our terms and conditions for more information.

No. The purchase agreements are not assignable.

No. All inspections must be completed prior to the auction event. The properties will not be open for inspections after auction.

• Have a $5,000 cashier’s check (or cash) made payable to yourself.
• The available funds to write a personal check or pay cash for the balance of the required 5% earnest money deposit due on auction day.
• Valid picture identification for all parties to the transaction.