A 5% (five percent) deposit of the highest bid at the initial date of sale is required. This bid must be made in cash or certified bank check made payable to ‘Alison Boyette Attorney At Law’. Personal checks are not accepted. The deposit must be presented to the Commissioner conducting the sale immediately following the sale.
During the upset bid process, the minimum bid on any property must be the greater of $750 or 5% of the highest bid. The deposit on such an upset bid must also be the greater of $750 or 5% of the submitted upset bid. The deposit must be made in cash or certified bank check made payable to ‘Edgecombe County Clerk of Court’. Personal checks are not accepted.
