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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