Miami-Dade foreclosure auctions run online at realforeclose.com, administered by the Clerk of Courts. To bid you must deposit funds in advance equal to 5 percent of the maximum you plan to offer, via transfer or deposit the system credits before the auction.
If you win, the deposit counts toward the payment and you must cover the rest of the price the same day as the auction, before 11:59 p.m. Eastern, usually by wire or cashier's check per the Clerk's rules. If you don't complete payment, you forfeit the deposit and the property may be re-auctioned.
Plan your liquidity ahead: the payment window is short and inflexible. BIDROI gives you a Strike Price so you know your ceiling before you enter, so you don't commit a deposit on a bid that breaks your margin.
BIDROI computes the Strike Price, the BIDROI Score, and the legal risk for every Miami-Dade property.
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