At what point does title to real estate pass at an auction?

Title to real estate at an auction passes at closing. This is the phase when all necessary paperwork is completed, and the transaction is legally finalized, which typically includes the transfer of funds and the signing of the deed. Until closing occurs, even if a bid is accepted, the buyer does not have legal title to the property. The closing process ensures that all conditions of the sale are met, and it solidifies the transfer of ownership, making it legally binding.

While the highest bid signifies the buyer's intent to purchase, it does not constitute a transfer of title. The auction announcement is merely the start of the bidding process, and payment is part of the closing procedure but does not immediately confer ownership until all aspects of the transaction are completed.