There are fees that are added to each property for filing fees and legal fees. There is a 5% deposit required from the highest bidder for the day. This must either be in Cash or Certified Check. There is a 10 day upset bid that runs with every sale. After the 10th day, if you are the highest bidder, our office will contact you to set up appointment for remaining balance to be brought in and deed transferred. If, however there are any upset bids in the 10 day period, the Clerk of Court will contact you by mail in order for you to decide if you want to stay in the bidding or not. The upset bids are handled through the Clerk of Courts office, in the basement in the Civil Department. Upset Bids are determined by the last bid and amount of bid. The deposit for upset bids are as follows: starting at $750.00 based on the last bid being anything under $15,750.00, any bid over and above $15,750.00, the deposited required is 5% deposit only for each individual upset bid. This also is required in Cash or Certified Check or Cashiers Check. If you decided to drop out of the bid you will receive your deposit back, however only after the file has been officially closed. So, please remember that this money could potential be tied up for weeks if there are upset bids. If you have questions or concerns regarding these listings, please contact the Alamance County Legal Department at: (336) 570-4049. Properties that do not sale on the day of the sale, will be Post-Poned until the next Quarterly Sale. ALL PROPERTIES ARE SOLD AS IS, WHERE IS.
