If settlement is based on court approval, that period will take 30 to 45 days. It is expected you will settle on the property within the specified time. If the loan originator must take longer than the specified time to complete the loan, the sellers may extend settlement for a short period of time upon proof of a loan commitment. Failure to obtain a loan within the specified time will result in the default of your contract of sale. The Auctioneer commences bidding at the conclusion of announcements and question period.
Bidding is conducted either verbally or with hand gestures.
The Auctioneer controls bid increments. The Auctioneer may reject any advance he considers nominal or frivolous. In the event of a dispute between bidders, the Auctioneer shall decide in favor of one bidder or re-offer the property.