What is the cost of the bid deposit to bring a property to auction?

The bid deposit or cost to bring a property to auction is an estimated cost of the appraisal and a preliminary title report. This deposit typically ranges from $1,000 to $5,000 and will be set once of a bona fide interested party submits the Request for Public Auction form. Once the Request for Public Auction form is filed, the prospective party must bid at auction or risk forfeiting their deposits.

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1. How much does this property cost?
2. Does the property have to be auctioned?
3. How long does the purchase process take?
4. What is the cost of the bid deposit to bring a property to auction?
5. What is the deposit for participating at the auction?
6. What happens to my bid deposit?
7. What if I'm the successful bidder and my financing falls through?
8. Is a Broker's Commission offered?
9. What can I build on the property?
10. How does the County advertise?
11. Are these the only properties the County, District and MCDOT have available for auction?
12. What about County buildings?
13. Can I bid below the starting bid if the minimum is not met?