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General Real Estate Investing

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Peyton LaBarbera
  • Investor
  • Connecticut
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140
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EMD with Auction Properties Question

Peyton LaBarbera
  • Investor
  • Connecticut
Posted Apr 30 2024, 19:41

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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