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Answered
Can you withdraw funds from your auction account?

Hi there. I live in Palm Beach County. I am wondering if you can deposit and withdraw funds from your auction account? Or, once you make a deposit into the auctions accout if it becomes "locked in" until you win an auction?

  
  
Posted 29 days ago
Votes Newest

Answers 2


Hola Veronica,

Yes, you can withdraw your funds from your auction account. Palm Beach County uses the RealForeclose web platform, which actually makes the process pretty simple. You just request your funds, and after a few business days, they’ll send a check to the name and address you have registered on your account.

Just keep in mind it can take a few days or sometimes even a couple of weeks to receive the money, so double-check that your information is correct on the portal before requesting the withdrawal.

Muchos éxitos, Veronica!

Fernando

  
  
Posted 20 days ago

I’m in Palm Beach County too and familiar with how the auction system works here.
When you deposit funds into your auction account (usually via wire or cashier’s check), they are held as a bid deposit. These funds aren’t permanently “locked in,” but they are held in escrow and can’t be withdrawn instantly like a regular bank account.

Here’s how it works:
You can request a refund at any time before you win an auction.
If you request a refund, it usually takes a few business days to a couple weeks to process depending on the county.

If you do win a property, your deposit goes toward the purchase price, and the remainder is due by the deadline (typically within 24 hours).

So yes, you can withdraw your funds, but not instantly — and definitely not during an active bidding session. It’s meant to show you're a serious bidder.

  
  
Posted 29 days ago
  
  

When you request a withdrawal are they sent by check or wire transfer back?

GEORGE WISHAT   24 days ago Report
288 Views
2 Answers
29 days ago
20 days ago

Miami Dade County Foreclosure Schedule

Miami Dade County Foreclosure Auctions: