A Florida foreclosure max bid is the resale value, minus your profit, your costs, the repairs and every lien that survives the sale. Set that number before the clock starts, then add what the clerk charges on top.
1. Your maximum bid
Your max bid
$237,375There is room here.
Write this number down before the sale and do not cross it.
Where the $345,000 goes
- Your max bid
- Repairs
- Surviving liens
- Costs
- Your profit
- Deposit due at the sale (5%)
- $11,869
- Balance to wire by the clerk's deadline
- $225,506
- Costs budgeted
- $34,500
- Profit if you hit your numbers
- $43,125
A planning tool, not advice. It is only as good as your title work and your repair estimate.
2. What the clerk adds on top
The winning bid is not the whole bill. The clerk adds a court registry fee of 3% of the first $500 and 1.5% of the rest under Florida Statute 28.24(10), and documentary stamps of $0.70 per $100 under section 201.02. Most counties also charge a sale fee.
The deposit is 5% of your bid. The rest is due on the county's deadline, which in some counties is the same day.
- Winning bid
- $250,000
- Court registry fee
- $3,758
- Documentary stamps
- $1,750
- Clerk sale fee
- $70
Cash you need, all in
$255,578Deposit at the sale: $12,500. The rest is due on the clerk's deadline.
Registry fee under Fla. Stat. §28.24(10), documentary stamps under §201.02. The clerk's sale fee varies by county. Confirm current figures with the clerk before you bid.