At the time of sale, if you are the highest bidder the attorney will require a deposit of 20% of the amount of the bid. Only certified funds or money orders are accepted for a deposit on the sale day. Rowan County does not offer financing.
The sale is subject to a 10 day upset bid period as required by law. Upset bids must be submitted in person at the Rowan County Courthouse, Office of the Clerk of Superior Court. The court case number must be provided to the Office of the Clerk of Superior Court in order for the record to be accessed. Upset bids require a 5% increase over the last highest bid, with a minimum increase of $750. Inquiries regarding close out status of foreclosure sales, must be made in person at Office of the Clerk of Superior Court.
If you are the highest bidder at the close of the upset bid period, final payment will be due in the foreclosure attorneys office upon delivery of the Commissioners deed.
