- unsoldland.org currently auctions land and homes everyday. We chose an auction because auctions are a zero barrier vehicle for investors across the world to be able to invest and build wealth.
- Auction properties are listed with an auction date and are available for bidding for an 24 hour window on the website. Auction properties are sold to the highest bidder.
- Auction properties have been cleared out and secured by the previous owner and are sold with clear title
- Buyers are expected to complete a thorough due diligence process for each property they own.
- Because there is a transfer of real property ownership, All Auction sales are final.
- unsoldland.org only sells property to buyers who satisfy the following eligibility requirements.
- We ask that you have intentions on developing the land or property that you buy for the benefit of the community that you are purchasing.
- Have no delinquent property taxes.
- Not lost property other than primary residence due to unpaid taxes in America in the past three months.
- Create an account on the org website.
- Bidding will begin at 9am on the sale date. Bidding will close at 5pm, unless a bid is made after 4:55pm. In those cases, the bidding window will be extended for 5 minutes after each bid. For example, if someone bids at 4:59, bidding will be extended until 5:04.
- Place a bid on the property that you are interested in. Bidding usually begins at $1000 and must increase in increments of $100.
- When you bid on a property, we will place a $1000 hold on your credit card. This will be released if you do not win the auction. If you are the winner of the auction, the $1000 will be charged as a nonrefundable deposit.
Monitor bidding to make sure you have not been outbid. If you cannot actively bid, proxy bidding is available. The maximum bid you enter will be hidden from others and cannot be deleted or lowered.
- If you win the bid on an Auction, you will receive a phone call from a closing coordinator within 24 hours of you winning your bid. During this call, you will then receive a welcome letter to congratulate you on your purchase and to confirm your information run an eligibility check. You will be given an overview of our process and given a chance to ask questions.
- Proof of identification
- If you win the bidding on an Auction, your credit card will be charged $1000 dollars as a nonrefundable deposit. The remaining balance will be due within 24hrs of the auction. Payment must be in the form of a wire or ACH transfer ONLY.
- After passing your eligibility check, you will receive your deed within 3-4 weeks via certified mail.
- After receiving the winning bid phone call, you will schedule a next steps date to coordinate next steps.
- All deeds will be given through the quit claim deed process after a purchase agreement has been signed and will be received free and clear of any encumbrances. Closing can be done in person at one of our title companies or remote. Closing fees are the responsibility of the buyer.
- In addition to paying the remaining sale price on your property, you should be prepared to pay the following estimated closing costs:
- Closing/Title fees: $750
- Recording fee: $124
- Tax certification fee: $125
- Note: These are only estimates and are subject to change. If you are obtaining financing from a lender you should anticipate closing costs from your lender. You will receive an itemized invoice at your closing.
- You will receive the title and Quit Claim Deed for your property.