A division of Ohio Real Estate Auctions
1-877-BID-OHIO (243-6446) 

Performing foreclosure auctions and judicial
sales for banks and mortgage servicers

Ohio's Private Selling Officers

Court Ordered Real Estate Auction in Hillsboro, Ohio


More Information

COURT ORDERED REAL ESTATE AUCTION – Former feed mill including 3 buildings on 3 parcels totaling .411± acres.  The original structure was built in 1920 with 1,742±sf, while pole-barn additions, built in 1979 and 1983 bring the total square footage to approximately 5,222.  The sale also includes a 34x23 foot garage built in 1960 and a dock that is attached to the original structure.  The property is accessible from W. Walnut and W. South Streets and has easy access to US-50, OH-73, and OH-62.

Parcel #s: 25-43-001-173, 25-43-001-175, 25-43-001-190

Zoning: Business C


Plaintiff

5/3

Defendant Name

Michael J. Reveal, et al

Viewing Dates

March 1st, from 11:00am to 11:30am, March 8th from 10:30am to 11:00am


Property Map


Lead Auctioneer

Tim Lile
Email Tim

W: 937-689-1846


Directions:

 From I-275 merge onto OH-32E via Exit 63B toward Batavia.  Take OH-132/OH-222 ramp toward Owensville.  Turn right onto E. Main St./US-50.  Go 30 miles to Hillsboro.  Turn right on US-62/S. High St./OH-138/OH-73.  Take 1st right onto W. Walnut St.  Subject property is on the left.


Basic Terms:

*This is a Foreclosure Auction ordered by a County Common Pleas Judge. The foreclosure process clears all liens and encumbrances on the subject property.

*The property sells with a minimum opening bid of 2/3 of the appraised value.

*In the case of a tax-lien foreclosure, the opening bid is the aggregate of the tax certificate, interest, court costs and current tax proration.

*The required deposits are as follows:
$2,000 for properties appraised for $10,000 or less.
$5,000 for properties appraised between $10,000 and $200,000.
$10,000 for properties appraised over $200,000.

*If the property is being sold at a physical location, the buyer will immediately write a check for the required deposit. If there are no bids at an on-site auction there will be a second auction between 7-30 days later. The second auction will be offered regardless of price.

*If the property is being sold Online, the successful bidder must wire or directly deposit the required amount into the Chase Bank trust account for Ohio Sheriff Sales within 24 hours of the end of the auction. Credit cards may also be taken for the deposit along with a 3% processing fee.

*The real estate is sold As-Is with no contingencies. All inspections (if available) must be done prior to Auction.

*Close within 30 days of court confirmation.

*No contract is signed after the auction. A one page buyer information form is the only document that is required by the court. See http://www.ohiosheriffsales.com/download_forms for the form.

*A 10% buyer's premium will be added to the high bid to obtain the final selling price.

*Buyer pays all closing costs.

*Private Selling Officer deed or equivalent given at closing with no liens or back taxes.

*The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

 

Realtor Participation:

Realtor showings and cooperation are encouraged if the property is vacant and on lock box. For full compensation instructions, see http://www.ohiosheriffsales.com/realtors Please call Auctioneer to schedule all showings.

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