What happens to my bid deposit?

If you are the successful bidder at a public auction for a Flood Control District of Maricopa County (District), Maricopa County Department of Transportation (MCDOT) or County owned property and the respective Board approves the sale documents, all deposits are applied to the purchase price and/or escrow fees. If you are an unsuccessful bidder, and you were not the initiating party, all of your deposits will be returned to you. If you are an unsuccessful bidder and you were the initiating party and did not bid, you will forfeit the bid deposit. The Appraised Value Deposit, which is required on the day of the auction, will be returned to you the day of auction. If you are an unsuccessful bidder and were the initiating party and were outbid, all of your deposits will be returned to you. The Appraised Value Deposit, which is required on the day of the auction, will be returned to you the day of auction. The appraisal and title report deposits will be returned to you after the close of escrow.

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Show All Answers

1. How much does this property cost?
2. Does the property have to be auctioned?
3. How long does the purchase process take?
4. What is the cost of the bid deposit to bring a property to auction?
5. What is the deposit for participating at the auction?
6. What happens to my bid deposit?
7. What if I'm the successful bidder and my financing falls through?
8. Is a Broker's Commission offered?
9. What can I build on the property?
10. How does the County advertise?
11. Are these the only properties the County, District and MCDOT have available for auction?
12. What about County buildings?
13. Can I bid below the starting bid if the minimum is not met?