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TERMS AND CONDITIONS OF SALE All parcels must be paid for within 5 working days by the respective purchaser. A few of these properties will be offered as Bid and Assume sales. Your bid on these properties is your down payment, you then will assume the low balance and low monthly payment (noted in the terms on that specific property). You will be able to identify these foreclosure properties by their listing lines (B & A with monthly payment). Government Asset Auction will prepare all paperwork to insure a proper transaction. Once paid in full, property will be deeded by legal binding warranty deed. Tell a friend about the great investment opportunities through Government Asset Auction