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Updated 8 months ago,

User Stats

140
Posts
27
Votes
Peyton LaBarbera
  • Investor
  • Connecticut
27
Votes |
140
Posts

EMD with Auction Properties Question

Peyton LaBarbera
  • Investor
  • Connecticut
Posted

At which point in the foreclosure auction process (Let's say once I am the winning bid on the property) do you have to put down an EMD?

And just checking, is the EMD requirement for foreclosure auctions 5% of the total reserve price?

Thank you.

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