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Miami-Dade County Foreclosure Auction Guide

Auction schedule, registration steps, deposit rules, and venue information for Miami-Dade County, Florida.

Daily Auctions

What is the foreclosure auction process in Miami-Dade County?

Foreclosure auctions in Miami-Dade County, Florida are commonly held on a daily basis and are held at Miami-Dade County Courthouse . Bidders typically need 5% deposit required within 24 hours of winning bid. Balance due within 30 days. Deposits made via ce.... Registration is required before bidding, so confirm deadlines before auction day.

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Auction Venue Information

Venue Name
Miami-Dade County Courthouse
Address
73 W Flagler St
Miami, FL 33130

Registration Requirements

Online registration required before bidding at www.miamidade.realforeclose.com. Create an account and complete bidder verification. Valid ID and proof of address required.

Deposit Requirements

5% deposit required within 24 hours of winning bid. Balance due within 30 days. Deposits made via certified funds through the online platform.

Bidding Procedures

All foreclosure sales conducted online through the Miami-Dade Clerk's auction website. Sales occur daily at 9:00 AM. Bidding increments set by the system. Title transfers after full payment.

First-Time Bidder Quick Start

What to Bring

  • Government-issued photo ID (driver's license or passport)
  • Cashier's check or certified funds for deposit (typically 5-10% of bid)
  • Proof of funds or financing pre-approval letter
  • Entity documents if bidding as LLC or corporation

How Bidding Works

  1. Auctions start with the opening bid (usually the lender's credit bid)
  2. Bidders raise paddles or call out higher amounts
  3. Highest bidder wins when no one else bids
  4. Winner pays deposit immediately; balance due within 24-48 hours

Common Mistakes to Avoid

  • Skipping title research - Always check for liens, judgments, and encumbrances before bidding
  • Bidding emotionally - Set a max bid using the 70% rule and stick to it
  • Insufficient funds - Bring extra certified funds in case you win multiple properties
  • Ignoring occupancy - Factor in eviction costs and timeline for occupied properties