Grayson County FAQ
Bidding and Registration FAQs
1. What do I need to do to become a bidder?
Go to www.govease.com and create/sign in to your profile. Under My Account on the left side of the page, bidders will select Register/Add Auctions. Then, bidders will find Grayson County and click the blue Register button. Bidders will be required to electronically sign/upload all registration documents in order to be approved to bid in the auction. Once all required documents have been completed, the county will approve bidders to participate in the bidding.
2. When are the auctions held?
The auctions are held on the first Tuesday of April, August, and November. The auction starts at 1:00 p.m. CST.
3. Is the auction online only, or will the auction also be done in person?
Auctions will be online only.
4. How does the bidding work?
Bidding starts at the minimum bid. You can set the total overbid amount that you want to bid in addition to that starting bid amount. The system will go up in $100 increments each time someone else bids until the amount you set has been reached. You may enter an overbid at any time after the parcels have been loaded into the “ Auctions” page and pre-bidding has been enabled. This will register the overbid amount you are willing to bid once the parcel is open for live online bidding. In the live bidding, the parcels will be sold one at a time until all parcels are sold. Each parcel will be live for 2 minutes. Once bids cease and time has expired, the auction will close and be sold to the bidder with the highest bid.
5. Who wins a tie bid?
The first bidder to place their bid will be the winning bidder.
6. Can other bidders see my bids?
No one else can you see your pre-bids, but bidders will be able to see that someone is bidding against them in the live bidding.
Post Auction FAQs
7. How long do I have to pay?
You are required to pay in full by 3:00 PM CST on the following day after the auction.
8. What forms of payment are accepted?
The accepted forms of payment include wire transfers and credit/debit card payments. For wire transfer instructions, contact Grayson County at 903-813-4220. If payment is made by credit/debit card, there will be an additional processing fee of up to 3%. For credit/debit card payments, bidders will pay on the GovEase website under My Payments. These payments are processed by Certified Payments.
9. What happens if I don't pay?
The property will go to the second-highest bidder or may be sold at a later date. You may be subject to penalties on Texas Rule of Civil Procedure 652. ***YOU WILL NOT BE ALLOWED TO BE A BIDDER AGAIN.***
10. Will I be responsible for other taxes or liens?
There may be post-judgment taxes. These are years not included in the judgment. These taxes do not have to be paid by the 3:00 p.m. deadline but will need to be paid soon since they are accruing penalties and interest. These are also paid to the Grayson County Tax Office. In addition, there may be other liens, so bidders need to do their research before bidding.
11. What kind of deed does the winning bidder receive?
You will receive a Sheriff's deed that is without warranty, express or implied. All properties are sold "AS IS, WHERE IS, WITHOUT WARRANTY" on a "BUYER BEWARE" basis. There are no representations made about the condition of the property, the merchantability of title, or the existence of any claims against or interests in the subject property. All property purchased at an online sale is subject to a statutory right of redemption as set out in Texas Property Code 34.21.
12. When and how will I receive my deed?
Preparation of the deeds may take 6-8 weeks. The deeds will be mailed by certified mail to the address provided by the bidder.