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Anyone bidding at the sale should be aware of the non-refundable deposit due at the time of the sale. The successful bidder is required to deposit 5% of their final bid. The deposit shall be applied to the sale price at the time of payment. If final payment, plus the appropriate clerk’s registry fees is not made by 10:30 a.m. the next day, the clerk shall re-advertise the sale as provided in Chapter 45.031 Florida Statutes and pay all costs of the sale from the deposit. Any remaining funds shall be applied toward the judgment.

According to Chapter 28.24 Florida Statues, the funds will be placed in the court registry. Any payment into the Registry of the Court must be tendered in cash, cashier’s check or money order and must be accompanied by payment of the clerk’s registry fee of 3% of the first $500.00 deposited and 1.50% of each subsequent $100.00. The successful bidder must have the deposit money with them at time of the sale. The balance is due by 10:30 a.m. the next business day, unless the final judgment states otherwise. ALL MONEY PAID MUST BE IN CASH OR CASHIERS CHECK (DRAWN ON A U.S. BANK ONLY; CASHIERS CHECKS MUST BE MADE PAYABLE TO CLERK OF COURTS).

The purchaser of property will be issued a Certificate of Title. This title contains no warranties.

The Certificate of Title will be issued on the eleventh day after the sale. If the tenth day is a non-business day, then the next business day will be treated as the tenth day. The defendant has ten days to object to the sale. If objections are filed, the Judge will rule as to whether or not a Certificate of Title is to be issued. If the defendant files bankruptcy the Clerk may be stayed from issuing a Title or taking any action, pending further order of the Court.

If you should purchase any foreclosure property, you will be required to pay Documentary Stamp Tax pursuant to F.S. Chapter 201. Pursuant to Florida Administrative Code 12B-4.013(3)(a) Documentary Stamp Tax is to be computed on the amount of consideration paid, which is the highest and best bid received for the property at the foreclosure sale.



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Collier County Clerk of the Circuit Court & Comptroller
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Naples, FL 34112-5324