Lenders usually bid to protect their interest. Why did they just walk away?
- Bidding starts at the amount needed to pay the outstanding taxes, interest thereon, plus all costs related to said sale. If there are no higher bids, the land shall be struck off and sold to the certificate holder, who shall forthwith pay to the Clerk the documentary stamp tax and recording fees due, and a tax deed shall thereupon be issued and recorded by the Clerk.
- The high bidder shall post with the Clerk a non-refundable cash deposit of $200 at the time of the sale, to be applied to the sale price at the time of full payment.
- The Clerk shall refuse to recognize the bid of any person who has previously bid and refused, for any reason, to honor such bid.
- If full payment of the final bid and of documentary stamp tax and recording fees is not is not made within 24 hours, excluding weekends and legal holidays, the Clerk shall cancel all bids, re-advertise the sale as provided in this section, and pay all costs of the sale from the deposit. Any remaining funds must be applied toward the opening bid.
- Payment must be made in the form of a cashier’s check, certified check, money order, or cash – personal checks or business checks will not be accepted.
- Valid Photo ID will be required for all bidders.
- If these requirements are not met, the sale will be rescheduled no later than 30 days from the original sale date and will be published in the following Wednesday’s Issue of the Flagler-Palm Coast News Tribune.
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