estate auction

Estate auction How Does a Real Estate Auction Work, How House Auctions Work, How Does a Sheriffs Auction Work, Properties Auctions Real Estate Auctions, How Does an Auction Basically Work,Auction Preparation, How to Organize an Auction Real Estate Auctions,Estate Auctions,estate,foreclosers,foreclosure,foreclosed property,land,house,homes,farms,business,store,garage,lake,mountain,island,auction Terms of foreclosure sales are as follow the property must bring at least two-thirds 2/3 of the appraised value or the property cannot be sold. Ten 10 percent of the purchase price down on the day of the sale, with the balance due within thirty 30 days of confirmation of the sale. Certified bank drafts or cash money will be accepted.No personal checks excepted. All sales are classified as Buyer Beware and sold AS IS. Take time to read the frequently asked questions sections to get a better understanding of how Sheriff Sales work. The Status of a sale can change anytime up to the time of the sale. Sheriff Sale advertisements are published in the newspaper. The property subject to the Sheriff Sale still belongs to the original owner even though the order of sale has been issued from the court. If you purchase a property at Sheriffs Sale, and have a ten percent deposit down, the property still belongs to the original owner until the Common Pleas Judge has signed the confirmation of sale order. This process can take at least 30 to 90 days or more. This is hard for people to understand since they have bought the property and placed a monetary deposit. If you have any questions contact your attorney, as the Sheriffs Office cannot offer legal advise. The Sheriffs Office does not have keys for properties being sold. The bank or lending company should be contacted with questions about an inspection of the property. Questions about utilities should be directed to the company providing services. Most appraisals of properties were completed without an interior inspection. The Sheriffs Office nor the appraisers are responsible for the condition of the property at the time the purchaser takes possession. Recent changes in Legislation may require a purchaser to obtain a survey prior to recording a deed. See states Revised Code Section. The cost of the survey shall be at the purchasers expense. If you have any questions relative to the new law, it is strongly recommended that you contact your attorney.