5620 Monte Carlo Lane , Margate, FL 33068 | Federa Auction | Federa Explore
5620 Monte Carlo Lane
Margate, FL 33068
Auction terms
AskThe Ask is the price the seller is willing to accept. You can either place a competitive bid in the auction or submit an offer at any time.
Auction or Best offer
Clear titleThe buyer will receive title to the home free of any liens, claims, or legal issues. The seller is responsible for clearing all debts before closing, ensuring the buyer receives full and undisputed ownership.
Yes
Security depositA security deposit is reserved up front to demonstrate your good-faith commitment to an offer or bid. If you don't win (because you're outbid during the auction, where bids cannot be withdrawn, or because you cancel before your offer is accepted), your full security deposit is returned instantly to your Federa Cash account, where you can apply it toward other homes or request a refund through Alex at any time. If you do win, whether with the highest bid or through an accepted offer, the security deposit is applied toward your purchase price at closing and you pay the remaining balance according to the purchase terms.
5% of the bid amount
Days to cancelThis is the number of business days from the contract ratification date that either party can cancel the agreement without penalty. Need more time? You can always make an offer with your own terms, including choosing a longer cancellation period.
0
Close byThe day the buyer must complete the purchase of the property. Need more time? You can always make an offer with your own terms, including a closing date that fits your schedule.
Aug 10, 2026, 4:00 PM
Closing costsThis property includes free closing, so if your bid or offer is accepted, you only pay the remaining balance (minus your security deposit). No additional fees at closing.
Free closing
ReserveSome auctions require a minimum price (reserve) to be met. If the reserve is not disclosed, you will not know what the minimum price is until the auction ends.
Not disclosed
ShowingsShowings allow you to schedule a time to tour the property in person before making an offer. Some properties, like auctions or occupied homes, may not allow showings. Prefer different terms? You can always make an offer with your own terms, including requesting a showing as part of your offer.
Not available
Ask
Remarks
Foreclosure Auction Ends August 7, 2026 at 10:00 AM EST. Property located in Margate. Sold As-is.
Remarks
Foreclosure Auction Ends August 7, 2026 at 10:00 AM EST. Property located in Margate. Sold As-is.