Remote Bid - Auction.com (2024)

CONVENIENCE OF ANYWHERE

With Remote Bid, you can enjoy the convenience of placing a remote bid in advance, from anywhere, to free up your time for more business opportunities.

MORE AUCTIONS AT ONCE

Remote Bid increases your buying power as it allows you to bid in multiple auctions at the same time

SET IT AND FORGET IT

Place your Remote Bid the day before the auction. Watch the bidding unfold in real-time on the app and increase your bid live. Or let our system do the work for you and place bids along with the auction.

CREATE MULTIPLE PURCHASE PROFILES

Create multiple profiles in the app to expedite your Foreclosure sale process.

CUSTOM PROPERTY RECOMMENDATIONS

Get personalized recommendations based on your preferences when you save Remote Bid eligible properties in the app.

PROPERTY STATUS TRACKING

Keep an eye on status updates on your Remote Bid eligible properties.

OPT-IN FOR HELPFUL PUSH NOTIFICATIONS

Get notified when Remote Bid eligible properties are available, as well as bidding status updates on auction day.

CONVENIENT DUE DILIGENCE DATA

Easily review comps and market analysis data for your Remote Bid eligible properties in one place.

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No, you can only place a Remote Bid on the Auction.com mobile app at this time. The app is available for download on iOS and Android mobile devices.

Qualifying is easy with the Auction.com app. On the mobile app, you can either tap on “Qualify for a Remote Bid,” in the app settings or on the property details page. Next, complete your bidder profile and Remote Bid agreements via DocuSign within the app. (Note: Android users, tap on “Remote Bid funds management” in the “More” tab)

We recommend you start the process at least 2 days before the auction to ensure you have enough time to fund your account so that you can place Remote Bids before an auction starts and on auction day.

You can attend the live auction in person and bid there.

Funding is simple on the Auction.com app. A bank wire is required into your escrow deposit account, as explained in the Bidder Escrow Agreement. Your funds must be received by 2 p.m. (EST) on the day before the auction. To add more funds, you can send another wire transfer using the same instructions.

You can bid as soon as your funds have posted. Advance bids are final once submitted and cannot be deleted. You can increase your bid once the auction starts. Only enter an amount you are willing to pay. Funds are deducted from the account balance immediately once the auction ends.

Yes, but we recommend you place your bid in advance to ensure it is received. You can watch the bidding unfold on the day of the auction on the app and increase your bid live.

You can leave your funds for future auctions or withdraw funds from your account within the app or on a PC by visiting http://www.auction.com/fundwithdrawal and following the instructions. Funds can be returned as quickly as 2 business days. Please use the same name, address, email address, and Bidder ID that matches your Auction.com account. Also, please use your routing number for wire transfers; your regular ACH routing number will be rejected resulting in a new form submission.

After winning a property, the listed trustee or foreclosure attorney firm on your Certificate of Sale Receipt is your point of contact. The trustee or firm will finalize the sale and send the deed to the address in your selected purchase profile. We recommend waiting until you receive your deed before attempting to take procession of the home. The deed should arrive in 4 to 6 weeks (in most states).