Post by
slewfoot2 on Jul 22, 2024 8:27am
another yup
wow... bidders just habe to put up a bid bond of the required anount, they dont lose it if they dont win lol.... it is there strickly to use if the winning bidder resiles from hid bid .... they call the bond and then go to the second bidder.... that is how it works....
a bid bond generally cost $5/ $1000.... so for the 200 million bid the bidder buys the bonf for about $100000.... thats it.... if he wins bondbis knot called and is given back .... all other bidders get thier bond back....geesh way too much aqua velva 4 u
Comment by
patchh on Jul 22, 2024 6:32pm
thats above my uneducated pay grade level.. submitt this to the UST over in the reno courts and file a motion for 5 dollar bonds..