§ 8873 Minimum Bid Requirements

• •You can't bid less than the total amount owed on a property, including extra fees.
• •The bid must cover the current payment, any late fees, interest, and ad costs.
• •If you don't pay enough, your bid won't be accepted.

You want to buy a piece of land at an auction, but the owner still owes $10,000 on it, plus $500 in late fees and $200 for ads about the auction.

Your bid must be at least $10,700, or the auction won't accept it.