New to this auction. Am I understanding it correctly that you have to pay $1000.00 up front deposit and that it is forfeited if the winning bidder (even if its not you?) reneges?
"All pre-bid deposits will be refunded within 7-10 business days, unless the high bidder defaults payment for a winning bid. If full payment is not received for items successfully won at auction by Wednesday, 10/30/2019 5PM ET, the $1,000 deposit becomes non-refundable at which point the property shall revert back to the government."
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70Z28 04B Norwood Forest Green-white Stripes Black DeLuxe Interior
Owned since 1978 - First Car
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