US Legal Forms
North Carolina Notice of Upset Bid in Judicial Sale Notice to Person...

North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale

Name: North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.65 (255 reviews)

Category:

North Carolina Civil Procedure - Special Proceedings

State:

North Carolina

Control #:

NC-SP-405

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale : This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.

View Instructions - Notice to Intervene / Notice of Motion and Motion to InterveneStatewide

View this form

View Instructions - Stepparent Adoption (Uncontested)

View this form

View Notice of Intervention as a Matter of Right

View this form

View Affidavit of Service of Notice to Intervene as a Party

View this form

View Notice of Motion and Motion to Intervene

View this form

View Affidavit of Service - Notice of Motion and Motion to Intervene

View this form

How to fill out North Carolina Notice Of Upset Bid In Judicial Sale Notice To Person Holding The Sale?

Avoid pricey lawyers and find the North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale you need at a reasonable price on the US Legal Forms website. Use our simple categories function to search for and obtain legal and tax documents. Go through their descriptions and preview them prior to downloading. In addition, US Legal Forms enables users with step-by-step tips on how to obtain and fill out each form.

US Legal Forms customers merely have to log in and get the particular form they need to their My Forms tab. Those, who have not obtained a subscription yet must stick to the guidelines below:

Ensure the North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale is eligible for use in your state.
If available, read the description and make use of the Preview option prior to downloading the templates.
If you’re sure the template meets your needs, click on Buy Now.
In case the form is incorrect, use the search engine to get the right one.
Next, create your account and select a subscription plan.
Pay by card or PayPal.
Choose to download the document in PDF or DOCX.
Click Download and find your template in the My Forms tab. Feel free to save the template to the device or print it out.

After downloading, you may complete the North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale manually or an editing software program. Print it out and reuse the template multiple times. Do more for less with US Legal Forms!

Form Rating

4.65

Satisfied(255)

Form popularity

FAQ

The rules for doing this are pretty simple: You go to the courthouse and complete a form with the Clerk of Superior Court. You must raise the bid by at least 5% and put down a deposit of 5% of your new bid. For example, a Report of Sale is filed showing the bank as the successful purchaser for 100K.

(a) An upset bid is an advanced, increased, or raised bid whereby any person offers to purchase real property theretofore sold, for an amount exceeding the reported sale price or last upset bid by a minimum of five percent (5%) thereof, but in any event with a minimum increase of seven hundred fifty dollars ($750.00).

A bid made after a judicial sale, but before the successful bid at the sale has been confirmed, larger or better than such successful bid, and made for the purpose of upsetting the sale and securing to the upset bidder the privilege of taking the property at his bid or competing at a new sale.

: the minimum price set for property offered at auction or public sale.

North Carolina has a 10-day upset bidding period, so any buyer has 10 days to outbid the current bid even after an auction ends. Each time a new bid is placed, the 10-day period restarts. As a buyer, this can be time-consuming to monitor.

The Outbid Period is a 10-day period in which someone can place a higher bid than the previous bid, usually 5% or $750 higher, whichever is greater.This process continues until no new bids are placed and the 10 days runs out.

North Carolina Notice of Upset Bid in Judicial Sale Notice to Person Holding the Sale

Description

Related forms

How to fill out North Carolina Notice Of Upset Bid In Judicial Sale Notice To Person Holding The Sale?

Show more info

Form Rating

Form popularity

FAQ

How do I place an upset bid?

What is an upset bid?

What does upset bid mean?

What is an auction upset price?

What is a 10-day upset bid in NC?

What is an outbid period?

Trusted and secure by over 3 million people of the world’s leading companies