GET STARTED WITH 3 EASY STEPS
Thank you for your interest in the US Marshals Real Estate Auction. In order to participate and bid in
the auction each bidder is required to complete the following steps in order to be approved to bid.
Register – Online Bidding
Submit Bidder Deposit
US Marshals Real Estate Property List - March 12, 2020
How Do I Register For The USMS Auction?
Are Multiple Deposits Required To Bid On More Than 1 Property?
A $2,500 bidder deposit is required to bid in this auction. If you have an interest in bidding on multiple properties only one deposit is required in order to register for the auction. However, for each property that you are the winning bidder on an Earnest Money Deposit will be required for each property.
Can Certified Bank Check Funds Be Submitted?
A bank certified check can be submitted for the deposit. To use this option the check MUST be received and all other registration requirements met at least 7 days in advance of the auction date.
1. Register for the online auction
2. E-Sign terms and conditions
3. Certified Check received in office at least 7 days prior to the auction
Why Is There A Deposit Required?
Requiring a deposit insures that all registered bidders meet the criteria to be approved to bid in the auction and have the funds available to bid at the accepted level. A deposit also gives bidders peace of mind that they are bidding against individuals who are qualified and have met the levels of expectation to participate in the auction. Reducing fraudulent bidder activity and unfair bidding practices.
Is My Deposit Refundable?
Non-Winning Bidders- If you are a non-winning bidder your deposit will be refunded within 2 business banking days subject to any processing or handling fees.
Winning Bidders- If you are a winning bidder your deposit will be retained until USMS receives your Earnest Money Deposit (EMD). After confirmation of receipt of your EMD the bidder deposit will be refunded. Subject to processing or handling fees.
If you have placed a bid in the auction your deposit will only be refunded after the end of the auction.
How Long Does The Deposit Take?
Credit Card Deposits - Refunds of deposit generally occurs within 24 hours of auction.
E-Check / ACH /Bank Wire - Refunds are generally processed within 2 business banking days and subject to each individual banks processing time frames.
How Much Is The Earnest Money Deposit?
The earnest money deposit amount is 10% of the final bid amount or $2,500.00 whichever is greater.
Bidder approval access deposit is a completely separate transaction and will not be applied toward the earnest money deposit and is not interchangeable.
Is My Transaction Secure?
Yes. Compass uses currency pay to securely process all credit cards and E-Check transactions provide the highest level of security encryption for secure banking transactions.