Ashland County Foreclosure Auction. Case# 16-CFR-168. FINANCE OF AMERICA REVERSE, LLC vs. PENELOPE S. KOCH. The address is 1381 COUNTY ROAD 1153, ASHLAND, OH 44805, MILTON TOWNSHIP . See www.OhioSheriffSales.com for full info and legal description. Minimum bid is $54,867.00. Bids will be accepted only through said website. Bidding will open a minimum of 7 days prior to the auction ending on AUGUST 3, 2017 at 12:00 NOON. The deposit shall be $5,000.00. The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. Ron Denney, P.S.O., (937)572-4468
Lot Size: 1 Acre
Annual Taxes: $1155.00
FINANCE OF AMERICA REVERSE, LLC
PENELOPE S. KOCH, et al.
CLUNK, PAISLEY, HOOSE CO., LPA
Lead AuctioneerRon Denney
West on Main St. to South on Baney Rd. (AKA County Rd. 1153)
*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 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.