Washington, DC Foreclosure Auctions
Washington, DC is both a judicial and non-judicial jurisdiction; for the court-ordered judicial sales the auction must be ratified by the court.
As a potential bidder, it is your responsibility to do your own due diligence. The District of Columbia has websites where you can begin your research. The property assessment website https://www.taxpayerservicecenter.com/RP_Search.jsp?search_type=Assessment and the Recorder of Deeds’ website https://gov.propertyinfo.com/DC-Washington/# are two places to begin.
As a matter of course, the trustee, noteholder and auctioneer DO NOT have access to the property.
All DC foreclosure auctions are advertised in a newspaper of general circulation in the District; usually either The Washington Post or The Washington Times. Please review the legal ad carefully for exact terms of sales.
The Trustee/Auctioneer will qualify all bidders by asking to see the required deposit. You must have this deposit in certified funds, bank check or cash at the time of the sale. You need to be able to go to settlement within the required time frame (specified in each legal ad) with the balance of the money.
If you are the successful bidder be prepared to give the Auctioneer the name you are taking title in for the Memorandum of Sale (purchaser’s contract). The Recorder of Deeds will want to see a copy of this Memorandum to make sure it matches the Trustee’s Deed. The Memorandum cannot be changed after the sale. If you are taking title in the name of a company or an LLC, the entity must already be formed and be in good-standing. You may not put title in someone else’s name unless you can show the Trustee your Power of Attorney.
The successful purchaser is responsible for all closing costs, for taking possession of the property and for all adjustments of costs, as specified in the legal ad. As a matter of course, we do not cooperate with brokers on DC foreclosure auctions and there is no buyer’s premium.