The Successful Bidder shall not be permitted to withdraw his/her/its bid. The high bidder is required to enter into an Agreement of Sale immediately at the end of the auction. High Bidder is required to deposit the balance of the 10% of the total contract amount into the escrow account by end of business day.If you are not the high bidder said deposit will be promptly returned. I understand that if I am the High Bidder and fail to submit my full deposit as required within the time frames outlined, a Default Fee of $20,000 will be charged and will be non-refundable. is not responsible if notification of bank transfers or deposits is received after the auction concludes. escrow account 24 hours prior to bidding conclusion time.
A $20,000 deposit must be placed into Max Spann Real Estate & Auction Co. I, the undersigned, agree to the following terms and conditions, should I be the high bidder.
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