The changes are as follows:
· The Exclusive
period for properties that are IN will be reduced to 15 days. Bids submitted
during the initial 10 days will still be sealed. After the 10th day
the bids will be reviewed daily. If no acceptable bid is received by day 15, the
property will enter the Extended period.
· The exclusive
period for properties that are UI remains unchanged.
· Bids received
on Friday, Saturday, or Sunday will be opened in one batch on Monday. These bids
will be considered as having been submitted simultaneously. In the event that
Monday is a federal holiday, the batch will include bids received Monday and
will be opened on the following business day.
· If a federal
holiday falls during the week, any bids submitted that day will be grouped with
the bids from the previous day.
· NOTE:
Bids will not be batched together if the listing period ends over
the weekend or on a holiday. For example if the listing period ends Saturday,
bids received Sunday will not be included in the batch to be opened the
following business day.
Call Louise Johnston 670-9864
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