ForeclosureBid
Terms of Service
§1 Product
ForeclosureBid provides forensic document analysis and acquisition workflow tools for professional buyers. Reports are informational underwriting support — not title insurance, not legal advice, and not investment advice.
§2 Accounts & payment
Paid forensic title reports are sold at a flat fee per plan allowance. There is no lender/broker referral differential and no settlement-provider co-marketing subsidy of report cost (see also 12 U.S.C. § 2607 / RESPA posture).
§3 Data freshness & verification
Public records change without notice. You must independently verify material facts at the courthouse, official records, and the sale portal before bidding. Checkout requires an acknowledgment of the data-freshness statement.
§4 Pre-Auction Error SLA — Credit / Refund Policy
If you believe a purchased forensic title report contains a material factual error that affects bid risk, submit a claim through the Support portal before the scheduled auction.
Cutoff: claims must be submitted at least twelve (12) hours prior to the scheduled auction start time for the subject property (the “≥12-hour cutoff”).
- Submitted ≥12 hours before auction: you may choose (a) an expedited re-audit, or (b) a 100% refund of the report price paid.
- Submitted less than 12 hours before auction: we provide best-effort review; if we cannot complete a correction before sale, you receive a platform credit equal to the report price (not a cash refund unless required by law).
This SLA covers material factual errors in our assembled report. It does not cover auction postponements, bidder mistakes, third-party portal outages, or changes in public records after the report timestamp.
§5 Florida owner-occupied disclosures
Where occupancy indicates an owner-occupied (or homestead) active foreclosure, the product surfaces the Fla. Stat. § 501.1377 notice. The platform does not ship automated homeowner-negotiation tools, pre-filled equity-purchase agreements, or upfront-fee collection for off-market workouts without separate counsel sign-off.
§6 Contact
Error claims: #/support · Product overview: about.html.