MORTGAGE FORECLOSURE SALES
PLEASE READ THE FOLLOWING INFORMATION SHEET
Public notice is hereby given that such real property to be sold at Public Auction may be subject to Federal Tax Lien that may not be extinguished by the sale, and purchasers of any such real property are urged to search the Federal Tax Lien index that is kept by the County Recorder to determine if notice of a Federal Tax Lien has been filed with respect to any such Real Property.
TERMS OF SALE: CASH ONLY NO PERSONAL CHECKS ACCEPTED, 10% DOWN DAY OF THE SALE. 30 BUSINESS DAYS TO PAY OFF THE BALANCE. CASHIER OR CERTIFIED CHECKS ACCEPTED, TRAVELERS CHECKS ARE ALSO ACCEPTED.
The buyer should thoroughly investigate the property that you are planning on purchasing. The buyer should be aware of the property location, condition of the property and also be aware that the inside of the home has not been examined by the appraisers. Property is “as is and buyer beware”.
The Sheriff’s Office is not responsible for any water or sewer bills that are due on the property, this also includes sewer assessments.
The real estate taxes are pro-rated for most Sheriff’s Sales. The delinquent taxes will be paid from the proceeds of the sale to date of sale all though you could be responsible for approximately up to one year taxes in Columbiana County.
As a successful bidder on property, you will put your deposit on the property of 10% the day of the sale. You understand that the property is not in your possession until the Judge has confirmed the sale and ordered a deed to be made in your name. This means that you are not the owner of the property until that time. Once you have the new deed in your name, and it has been conveyed and transferred then you are legally the new owner. Until that time, you are not permitted to enter the residence, tell an occupant to leave, etc.
Until the new deed is issued in your name, you understand that the previous owner may redeem the property. If this were to occur, you would receive your deposit back.
You understand that if you are working with a bank for your closing, the bank cannot be permitted inside the residence for an appraisal. When the Sheriff’s Office calls you to let you know that you can pick up your deed, you need to have the balance in full ready at that time. If not, you stand to lose your deposit and will be in contempt of court.The deed may be ready and funds need paid in full as little as two weeks from the sale date to be as long as 12 weeks, depending on the case.
Sales are conducted at the Commissioner's Meeting Room, First Floor, Columbiana County
Courthouse 105 S Market Street Lisbon Ohio on the Date listed at 10:00 AM