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

Performing foreclosure auctions and judicial
sales for banks and municipalities

Ohio's Private Selling Officers

German Village Cutie


More Information

CANCELED ON 2-27-18 DUE TO BANKRUPTCY FILING.

German village cape cod with 1,249 SF. 2 bedrooms, 2.5 baths on a crawl space. Auditor shows roof was replaced in 2016. Tax value is $261,500. Corner lot is 48x41. No garage. Built in 1940 and remodeled in 1968.

Appraised at $330,000. The sale is subject to the payoff of the first lien-holder in the amount of $57,000. Bidding starts at $182,000.

Example: If only one person bids, the high bid would be $182,000. A 10% buyer's premium is added for a sub-total of $200,200. You must also pay off the first mortgage to 5/3 Bank in the amount of $57,000. Your total purchase price would be $257,200.

Annual Taxes: $5,254


Plaintiff

Kemba Financial Credit Union, Inc.

Defendant Name

Cynthia McCracken, et al

Attorney

Jeff Madison

Viewing Dates

No interior viewings. Please do not trespass.


Property Map


Lead Auctioneer

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


Directions:

Located in German Village.  From 315 go E. on Greenlawn to Left on High to Right on Deshler to Right on 4th.  About 2 blocks from the Thurman Cafe.


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 except the first mortgage in the amount of $57,000.

*The required deposit is $10,000.

*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 by 5pm the day of 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 given at closing with 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:

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