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What is my Earnest Money Deposit requirement for multiple properties?
If you buy more than one property and it is not your first property acquired at auction, then your Earnest Money Deposit is to be 10% of Total Purchase Price or $10,000, whichever is greater. The first $5,000* or $10,000* of the Earnest Money Deposit must be paid in the form of a cashier’s check or cash.
* The required cashier’s check amounts vary per auction, please reference the specific auction details and terms and conditions for required amounts.
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