Bid Process Home
 
 


Bid Process: Simple Stepst to Bid on Au Portfolios
 
Au wants to give our qualified debt buyers a fair and respectful bid process. To do this Au has adopted the following sealed bid process. Any bids received outside of this process will not be considered.
  • Only buyers who have passed the due diligence process at least three weeks prior to the sales announcement will be eligible to participate. Submit the due diligence information via the online form.

  • All Pool purchases will be awarded based on bid price only.

  • Bids for all our sales must be in submitted online* or in writing on the Bid Form (downloadable from the online bid form page) and received in a sealed envelope that bears the notation "BID FOR ASCEND UNITED SALE" and the date of the sale. No bids, or changes to bids, will be accepted via fax, telephone or other voice communication.

  • When sending bids by mail, envelopes should have a separate bid envelope inside. All bids must be mailed to Ascend United at 33301 9th Ave S, Ste 200, Federal Way, WA 98003, Attn: Phillip Slater and received before the deadline. Bids may be delivered by overnight mail or express courier under the same guidelines.

  • Sealed bids—either by online form submission or mail—will be opened and verified by two qualified Au staff members.

  • The four highest bidders will be given a Notice of Re-bid within four hours of deadline by telephone and email.

  • Bidders who receive a Notice of Re-bid may submit a second sealed bid to be considered for the award. The second sealed bid must follow the standard sealed bid process described above. The second bid must be received by Au before the second bid deadline. If bidder chooses not to re-bid, the first bid will be considered their final bid.

The successful bidder will receive a Notice of Offer by telephone and email within four hours of second bid deadline. The three remaining buyers will notified of their rejected bid within four hours of the second bid deadline.

Approved buyers may submit a bid via the online bid form. *


* Bid forms and detailed portfolio information are restricted to approved debt buyers who have registered on our website. If you are already an approved buyer, register on the site for access. To become an approved buyer, fill out and submit the due diligence request form.

 

 



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