The Rules

Rules for Bidding on and Purchasing Properties

Welcome to FlipDetroitAuction.com! This is one of the main and trusting websites to buy properties in the City of Detroit. Here are some tips provided by us to better understand and make the process easier, faster, and most enjoyable:

View Properties

  • Browse properties online for at least a week before the bidding opens 30 days of property supply will be listed to view online continuously.
  • See the properties in person at the scheduled Open House events.
  • Open houses will be available upon selected properties, view home page for upcoming open house dates.
  • Contact our listing agents to schedule a one on one showing on days that open houses are not scheduled.

Register

  • See a house you like? To bid on it, register in two steps:
    • Create a user name and password.
    • Simply input all your information in the blank spaces provided, first and last name, phone number, email address, location, and deed information if different from current home address.

How to Bid

  • Each property will be open for sale for only ONE day. Bidding will start from 9:00 a.m. and last until 6:00 p.m.
  • If any bid is made within the last 5 minutes the auction will go into overtime an additional 5 minutes each time a bid is made until bidders stop bidding.
  • The bidding will start at $500. All bids must go up in increments of at least $100.
  • For financing you must submit documents and be approved prior to button becoming active.
  • If this is your first bid it will be mandatory to provide your credit card information.
  • When bidding, refresh browser screen frequently to ensure that current bid amounts are reflected.

How to get financed?

  • In order to get financed you must upload your identification along with one of the four following documents that are listed below:
    • Proof of Income (Job, Unemployment, SSI, Retirement, etc ) or,
    • Two last pay stubs or,
    • Two Most recent bank statements or,
    • One year’s Federal Tax Returns
  • Allow 7 business days for approval.
  • For faster approval scan and upload ONLY one of the items previously listed.
  • If you are unable to upload, simply FAX or MAIL documents to our address.
    • Fax number: 313-832-1655
    • Address: P.O. Box 2861
      Detroit, MI 48202

Deposit Payment Options

Credit Card

  • Single bid deposit is $500 and there is no credit card service fee required at this time.
  • Multiple bid deposit is $1,000 and there is no credit card service fee required at this time.
  • Client can request and refund at any time via-email:

E-Checks

  • There is no service fee charge for e-checks!

Chase Quick Pay

  • There is no service fee charge for chase Quick Pay.

Wires

  • We do not charge a service fee for domestic or international wires. (Check with your local bank for fees they may charge).

La Casa Grande Company 6505373147