FLORIDA - MIAMI DADE COUNTY Foreclosure Auction

Real Estate Foreclosure

https://www.miamidade.realforeclose.com/index.cfm

How does the online auction work?

Auctions are held on properties offered for sale to the highest bidder. The Clerk's Office conducts the sale via public auction on the Internet in accordance with Florida Statutes. The property or interest being auctioned may be worth less than the assessed value.

Anyone may bid on the properties, and must register with the clerk on this web site prior to the sale. The site provides information for each sale item, including the name of the owner, legal description, and the opening or base bid.

At the date and time specified for the sale, each item is auctioned in case number order and sold to the highest bidder.

Prior to the time of the sale, the successful high bidder must post with the Clerk a nonrefundable deposit of 5% of the anticipated high bid for each item to be bid on. The bidder must pay the balance of the final bid plus the court registry fee, electronic service charge, publication fee(s), and clerk’s service charge, if applicable, by 12:00 PM ET the next business day following the sale.

The advance deposit can be made in person at 111 N.W. 1st Street, 12th Floor, Miami, Florida 33128 by cash or cashier’s check. Deposits made in person must be made by 3:00 PM ET the day prior to the sale. Advanced deposits may also be made by wire transfer. Wire deposits require 2 full business days to process and will not be available for bidding until such funds have cleared.

Final payment may only be made by wire transfer or in person at 111 N.W. 1st Street, 12th Floor, Miami, Florida 33128 by cash or cashier’s check by 12:00 PM ET the next business day following the sale.

Upon payment of the remainder of the bid, the Clerk will issue a Certificate of Sale.

A Certificate of Title may be issued by the Clerk of the Circuit Court after ten (10) full days have elapsed from the issuance of the Certificate of Sale and provided there is no other action relating to the subject proceeding.