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| | | Buyer's Guide | |  |
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Registering |
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1. |
You can browse the
auctions at any time without registering, but to bid or post an
auction, you must first register.
To register, simply click on the Register
link. Choose a user name which you can easily remember, and fill in
the other required fields. You will also be responsible for choosing a password. You can change your password at any
time by choosing the Member Services option and then clicking the Change
Your Password link.
You only need to register once, as
you can change your user information at any time by choosing Member
Services, and then clicking the Edit My Registration link.
Notes: There may only be one
account per email address. The system will not let you create more
than one account with the same email address.
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Bidding |
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1. |
Once you have an active account, you are ready to bid. Simply navigate to the auction you want to bid on via the category listings or using the search features, and then place your bid. It is highly recommended that you do you due diligence and inspect the property prior to bidding. All properties are sold “as is”. You should never bid blindly. There are no contingencies for any reason, including but not limited to the condition of the property or financing.
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2. |
It is highly recommended that you read over the terms and conditions before you place your bid. If you are the winning bidder you will be required to complete the offer process within two business days of the auction closing.
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Completing
the Transaction |
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Once an auction closes, bidders will be notified by email whether they are the high bidder or whether their bid will be held as a backup offer. The high bidder will have two business days to get corporate disclosures from the listing agent and put together their paperwork. The complete offer package must be in the hands of BankOwnedBids by 5 p.m. eastern time on Day 2, or the high bidder’s offer will be null and void. In that case, the next highest bidder will be asked to submit an offer package and the 48-hour clock begins again.
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Leaving Feedback |
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You should always leave feedback on the auction after completing a transaction. This lets BankOwnedBids know what how about your experience with the site and the listing agent. We are constantly improving the site and need your feedback on areas in need of improvement. You can reach the feedback form by clicking on the Leave Feedback link on the item detail page. Please restrain from using foul or obscene language, as other users may be offended. Inappropriate feedback will be deleted. |
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Transmitted: 2/7/2012 9:20:24 AM |
