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Frequently Asked Questions:

You must register at www.waynecountytreasurermi.com, pay a deposit based on the number of properties you are planning on purchasing, (One Property, $1,000.00 or Multiple Properties, $10,000.00) and a $50 non-refundable registration fee.

Be sure you have entered your name exactly as it is on your driver’s license and that you have not entered your driver’s license number here. You must also upload an image of your driver’s license (front and back) or your passport to verify that the bidder who has registered is same as the individual E-signing the acceptance of Auction Affidavit and Bidding rules.

To bid on one property a deposit of $1,000.00 and a non refundable registration fee of $50.00 is required. To bid on more than one property a deposit of $10,000.00 and a non refundable registration fee of $50.00 is required. A property identified as a premium property will require a deposit of $25,000.00 and a $50.00 non refundable registration fee. Deposits of non winners from the September auction are carried forward and credited toward the October auction unless a specific request is made to have the deposit returned.

Once you register you will be requested to make a deposit. Upon choosing the deposit amount you will be transferred to JPMorgan Chase. The JPMorgan Chase site accepts payments via ACH, credit card, and debit card. An ACH payment is equivalent to writing a check which debits your bank account. There is no fee to make an ACH payment. However, there is a fee of 2.49% for a credit card or debit card payment. The 2.49% fee is paid to the bank and not to the Treasurer. MasterCard, Visa, Discover, and American Express are accepted. Prepaid debit/credit cards are not accepted. For bidders that do not have a U.S.A. bank account a wire payment will be accepted. Contact the Treasurer’s office at WCTAuction@waynecounty.com for details.

Go to ‘My Account’ and then click on the ‘My Deposits’ box located on the left side of the screen.

Yes, but only until the registration closes., Go to ‘My Account’ and then click on the ‘My Deposits’ box located on the left side of the screen. Please make sure that the system has verified that your first deposit has been verified before adding funds, otherwise the system will not acknowledge the first deposit and require another full deposit. It may take up to two business days to verify your deposit after submitting payment.

No, You will be refunded any non-used funds within 15 business days after the close of the auction. If you did not purchase a property at the September auction, your entire deposit will be transferred as your deposit for the October auction unless a specific request is made by you to have the deposit returned.

The minimum bid amount for the September auction is the total taxes, interest and fees due plus expenses incurred by the Treasurer for the foreclosure/auction process. The minimum bid for the October auction will be posted prior to the October auction. The Treasurer may change a minimum bid any time prior to the opening of the auction to reflect new costs and expenses that may have been incurred.

At the sole discretion of the Treasurer properties may be grouped together into a bundle requiring an entry of only one bid on the entire group of properties as opposed to bidding on each property individually. Bundled properties will be identified on the bidding screens. If you do not see a reference to a bundle, then the parcel is not included in any bundle.

Bidding on this site is conducted utilizing an Open Competitive Bidding Process –The bidder is informed of the highest bid made for that property. This permits a bidder to offer a higher bid up to the close of the sale for that property. Optionally, the bidder may offer a Proxy Bid. A Proxy Bid authorizes the system to automatically bid on behalf of the bidder up to the bidder’s Proxy Bid. If a bid is made anytime in the last five minutes of the item expiring, an additional five minutes will be added to the time the item closes. This can happen repeatedly if bidders continue to outbid the previous high bid. Be aware that properties have been grouped together in ‘batches’ of 25 parcels. Each batch will close at a specific time. See our "Bidding Rules"

A batch is a group of 25 parcels that will be closing at the same time.

A Proxy Bid authorizes the system to automatically bid on behalf of the bidder up to the bidder’s Proxy Bid. If you place a proxy bid, your bid will only increase if another bidder places a higher bid.

Yes, the bidding screen will clearly indicate in large lettering whether your bid is the current winning bid or not.

Yes, for properties having a minimum bid of less than $10,000.00, the bid increment is at least $100.00. For properties having a minimum bid of $10,000.00 and higher, the bid increment is at least $1,000.00. For premium properties or bundled properties, the bid increment is $1,000.00. If bidding began on a property having a minimum bid of less than $10,000.00 and subsequently a winning bid exceeds $9,999.00 the system will then require at least a $1,000.00 bid increment for any following bids.

Yes, if a bid is made anytime in the last five minutes of the item expiring, an additional five minutes will be added to the time the item closes. This can happen over and over again if bidders continue to out bid the previous high bid.

No, a bidder cannot cancel a bid. A bid is an irrevocable offer to purchase a property.

Yes

Deposits of non winners from the September auction are carried forward and credited toward the October auction deposit, unless a specific request is made to have the deposit returned. If that request is made, the bank account or credit card/debit card that was used to make the deposit will be credited the deposit. Refunds will be processed within fifteen business days after the close of the auction.

You can make your final payment within 48 hours of the auction closing. You can make the payment in the same manner that your original deposit was made. Go to ‘My Account’ and then click on the “My Wins/Deed Information” box located on the left side of the screen. Also see “How is the deposit payment made?” on page 1 of this FAQ regarding the details of submitting payment via JPMorgan Chase and what type of payment is accepted. Optionally, you may make final payment in person at the Office of the Wayne County Treasurer, 400 Monroe, 5th Floor, Detroit, MI 48226 via cash, credit card or certified check made payable to the Wayne County Treasurer. If making your payment in the office, you must make an appointment on our website www.treasurer.waynecounty.com for a cashier appointment. For bidders that do not have a bank account in the U.S.A. a wire payment will be accepted. You will be informed, via email, the details of how to make a wire payment upon winning a bid.

A Winning Bidder must make payment in full to the Treasurer within 72 hours of the auction closing. For any sale of properties over $100,000, 25% of the purchase price is due as a non-refundable down payment within 72 hours of the auction closing (unless the original deposit made satisfies the 25% due) and the balance of the purchase price is due within 7 days.

Your deposit will be forfeited and you may be banned from future auctions. Additionally, all available legal remedies may be pursued. The property(s) will be offered to the next highest bidder.

The Treasurer’s office will record the deed within 30 days of the close of the auction.

Once you have won a bid you will be informed to log on again and enter deed information. Go to ‘My Account’ and then click on the ‘My Wins/Deed Information’ box located on the left side of the screen.

If you go to “My Account” and click on the “Downloads” button, you can download an excel spreadsheet or pdf of all parcels. Reports can also be requested by community only or by zip code.

Current contractors of the Treasurer, their employees, and current employees of the Treasurer, members of the immediate family of such contractors, or Treasurer employees including children, parents, grandparents, siblings are strictly prohibited from participating directly or indirectly, in the bidding and purchasing by any means, including and not limited to, joint ventures, or assignments of any foreclosed property to be sold at an auction conducted by the Treasurer.

Yes