Anyone, other than the successful purchaser, who has placed a bid during this time, will be entitled to a refund of any deposit made in good faith and they will have no further interest in the property. During this period, the borrower also has the right to redeem the property. The borrower can also request an appraisal of the property during the 30-day period.
If the value is higher than the closing bid, it will lower the amount of the defi ciency. Sale Confirmation. If no objection to the sales price of the property has been filed with the sheriff s offi ce within three months aer the date of sale, the sale will be considered confirmed and the sheriff will make any necessary deed endorsements.