No cash is accepted for earnest money. All checks must be U.S. funds. Earnest money is held by Hennepin County during the public auction. When the auction is complete, the earnest money is refunded to unsuccessful bidders. Any successful bidder who doesn't complete the closing forfeits their earnest money and the parcel is placed back on the auction list for immediate sale.
Financing is available with no qualifying.
Earnest money not required. Certified funds are applied to purchases. If no purchases are made the funds are returned. If a purchase is made but is not closed, the certified funds are forfeited and the property is added to the end of the auction list and resold. A three-percent assurance fund payment is collected at the time of purchase.