How soon are bid deposits returned if a sealed bid is not accepted?
Depending upon the number of properties offered for sale and the number of bids received, unsuccessful bidders should receive their bid deposit checks back within a week of the opening of the sealed bids. Checks are generally returned via a trackable service (e.g., certified mail, U.S. Overnight Mail, FedEx, etc.) to ensure there is a record of receipt.
Depending upon the number of properties offered for sale and the number of bids received, unsuccessful bidders should receive their returned bid deposit checks within a week of the opening of the sealed bids. Checks are generally returned through a traceable service (e.g., certified mail, U.S. Overnight Mail, FedEx, etc.) to ensure there is a record of receipt.
