The due diligence items below apply to all related auctions from this seller.
General Sale Information
End of Auction
After the close of the final Yolo County listing for auction, all winning bidders are sent detailed instructions via e-mail on settlement procedures and how to provide the county with the necessary deed transfer information. Yolo County requires that the winning bidder submit the deed transfer information to Bid4Assets within 48 hours of the close of auction.
Bidding Requirements
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.
Settlement Requirements
Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) on Thursday, December 10th, 2020 - No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to Yolo County and may be banned from future sales.
A California documentary transfer tax will be added to, and collected with, the full purchase price. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof. For parcels in the City of Woodland an additional City tax of $.55 for each $500.00 or fractional part thereof will be added. Also, a $35 per-parcel-won administrative fee will be added to the final sale price.
Only a successful bidder has the opportunity to purchase County assets. If the successful bidder defaults, under California State Law, The County cannot resort to the second highest bidder, and will be required to take APPROPRIATE LEGAL ACTION AGAINST THE BIDDER WHO DEFAULTS.
There is a 10% Buyer's Premium (a $100 minimum) associated with the sale of this parcel. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Buyer Premium Information
This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).
This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Payment Type
- Certified/Cashier's Check
- Wire Transfer
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