Winning the bid and cashiers check


#1

Hi,

In California trustee auction, I understand that winning bid is due immediately. ?I read that it’s better to have cashier check payable to me so that I can re-endorse it. ?If I don’t win, then I can deposit back to the bank.

I will prepare minimum bid plus increments. ?What if my total is larger than the final bid amount, will I get the difference mailed back to me?

Thanks,

Charles


#2

yes, trustee will send you a refund for $ amount of your tendered checks less the (your) final winning bid.?