Escrow & Title
In a NC foreclosure, the 10-day upset bid period allows any person to:
AHave the foreclosure invalidated
BSubmit a higher bid that exceeds the foreclosure sale price by at least 5% or $750 (whichever is greater)✓ Correct
CPurchase the property at the original upset price
DHave the property returned to the original owner
Explanation
During NC's 10-day upset bid period, any person may submit a higher bid that must exceed the sale price by at least 5% of the first $1,000 and 2.5% of the remainder or $750 — triggering additional bidding cycles.
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