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Bidding Rules

Bidding Rules - 2024 Dixie County Tax Lien Auction

If you are new to Realauction tax lien auction websites, we recommend you proceed in the following fashion: 

  1. If you are not completely familiar with the statutes governing tax liens in this state, read the “Tax Certificate Process” document located at the left of the home page. It is a plain English summary of the law and will only take ten minutes to read.  
     
  2. Review the Summary of Important Dates (see below)
     
  3. Register. You will create your own User Name and Password as part of the process.
     
  4. The next few items are the most important information regarding the use of the auction site, so be sure you understand them completely.
    • Decide how much money you want to invest in tax liens for this auction. Pick a dollar amount. ($10,000 for example)
    • Make a deposit of exactly 10% of that amount. The deposit is required and must be submitted before the deadline in order for your bids to be valid. 
    • Bid as many quality liens as you can. Your deposit will limit how much you can win no matter how many bids you place, so bid as many quality items as possible. There is no penalty for running out of money. If you are fortunate enough to win all the liens you want, your remaining bids are simply ignored.
       
  5. You may place as many bids as you like before making a deposit, but none of your bids will count unless the deposit requirement is met before the deadline (See Summary of Important Dates).
     
  6. As a batch closes, you may see the results for that batch by clicking “Results” on the menu inside the auction website. Clicking the “Sold To” link on the auction results page will display all the bids on that item along with other useful information. After seeing results, you may want to go back and change some of your bids in upcoming batches.

 

Summary of Important Dates

 

  Bidder Accounts  
  Allow foreign bidder registrations     No  
  Single simultaneous bidder rule     No  
  Participating Bidder Agreement / Affidavit     No  
 
  Auction Information  
  Bidding style     Proxy Bid Auction  
  0 value bids use proxy system     No  
 
  SubAccounts  
  Allow sub-accounts     No  
  Automatic certificate rollup / rollup fee   No     $0.00  
 
  Auction Dates and Times  
  Registration begins (site opens)**     Open All Year  
  Deposits, Registration fees and Budgets begin     05/13/2024 at 10:00 AM ET  
  Bidding begins     05/13/2024 at 10:00 AM ET  
 
  Deposits, Registration fees and Budgets end**  

  05/30/2024 at 4:00 PM ET  

  Participation Requirements  

 

     Submit a deposit  
  

  Participation Requirements Due Date     05/13/2024 at 4:00 PM ET  
  Registrations end   Open All Year    
   
  First batch closes     05/30/2024 at 9:00 AM ET  
  Batch closing interval     60 Minutes  
  Last batch closes     05/30/2024 at 4:00 PM ET  
   
  Auxiliary batch opens (If applicable)     N/A  
  Auxiliary batch closes (If applicable)     N/A  
   
  Payment due date     06/03/2024 at 4:00 PM ET  
 
  Budget, Deposit and Payment Information  
  Deposit or Budget required (% of estimated winnings)     10%  
  Minimum deposit amount     $0.00  
  Registration Fee     $0.00  
  Registration Fee Refundable     No  
  Registration Fee Applied to Winnings     No  
   
  Deposit / Payment types acceptable:   Deposits Payments
  Budget     No     ---  
  ACH     Yes     No  
  ACH auto-debit final payment     ---     Yes  
  Wire transfers     No     No  
  Counter payments     No     No  
 
  Redemptions available via ACH?     No  
 
  Public Access  
  Public computers available     Public Library  
 
  ** Subject to change. The site will open when approved by the County.  

 

For an explanation of any of the terms above, please visit the FAQs.