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Bidding Rules

Bidding Rules - 2024 Mohave County Tax Certificate 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. Remember, the purchase of a certificate does not convey title to the land. While purchasing tax certificates is generally a good investment, there is some risk. Understand the risks and employ the “buyer beware” philosophy.

    The fees imposed on the Certificates of Purchase offered at a Tax Sale are assessed by statute, specifically, ARS 42-18118 (Certificate Fee) and 42-18116 (Processing Fee). In accordance with statutes, the processing fee is non-refundable (ARS 42-18153). The Treasurer does not make any guarantees that a purchaser will make money on a purchase and should be aware of the fact that the property owner has a right to redeem the tax lien AT ANY TIME.
       
  2. Review the Summary of Important Dates below.
     
  3. Register. You will create your own User Name and Password as part of the process. 
     
  4. Bidding process:
    • Decide how much money you want to invest in tax certificates for this auction. ($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 on as many quality liens as you can. Your deposit will limit how much you can win no matter how many bids you place. There is no penalty for running out of deposit 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 or before a batch containing your bids closes (See Summary of Important Dates).
     
  6. As a batch closes, you may see the results for that batch by clicking “Results” on the website menu. Click the “Sold To” link on the auction results page to display all bids on that item along with other useful information. After seeing results, you can change your bids in any unclosed batches.
     
  7. Payment for certificates won will be accepted by ACH only. Please ensure your financial institution will allow an ACH debit to your account before placing bids.

 

Summary of Important Dates

 

  Bidder Accounts  
  Allow foreign bidder registrations     Yes  
  Single simultaneous bidder rule     No  
 
  Auction Information  
  Bidding style     Proxy Bid Auction  
  0 value bids use proxy system     Yes  
 
  SubAccounts  
  Allow sub-accounts       No  
  Automatic certificate rollup / rollup fee     ---     ---  
 
  Auction Dates and Times  
  Registration begins (site opens)**     02/01/2024 at 8:00 AM MT  
  Deposits, Registration fees and Budgets begin     02/01/2024 at 8:00 AM MT  
  Bidding begins     02/01/2024 at 8:00 AM MT   
 
  Deposits, Registration fees and Budgets end         02/20/2024 at 2:00 PM MT     
  Participation Requirements  

 

    

 

  Participation Requirements Due Date     02/20/2024 at 2:00 PM MT  
  Registrations end      02/20/2024 at 2:00 PM MT  
   
  First batch closes     02/16/2024 at 8:00 AM MT  
  Batch closing interval     60 Minutes  
  Last batch closes     02/16/2024 at 5:00 PM MT  
   
  Auxiliary batch opens      02/16/2023 at 6:00 PM MT  
  Auxiliary batch closes     02/20/2024 at 5:00 PM MT  
   
  Payment due date     02/22/2024 at 11:00 AM MT  
 
  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     Yes  
      ACH auto-debit final payment      ---     No  
      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.