4 - Upset Bid Advertisement
The Board of Commissioners of Rutherford County will advertise the approved bid to the general public for a period of ten days (counting the day of advertisement) by way of a Public Notice Ad. The ad will run in a local newspaper (typically in the Daily Courier, but subject to change) and will also be listed on the County of Rutherford’s website under Public Notices – Surplus Real Estate Property. The ad will indicate that the County will accept upset bids for a period of ten days, beginning the day of advertisement, and until the deadline date indicated in the advertisement. The highest qualified upset bid received by the deadline date and time specified will be considered as an upset bid for purposes of re-advertisement. That highest upset bid will then be advertised with a new upset bid period started. This procedure of advertisement will be repeated until no upset bids are received. Upset bids received after the time and date due as stated in the public notice ad will not be accepted. Upset bids are to be submitted in writing on a County Offer to Purchase and Contract form (listed with each individual property listing) in a sealed envelope with the name of the property listed on the envelope.