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

*The property is appraised for $7,200,000 and sells regardless of price.

*The required deposit is 10% of the high bid.

*In the case of an online purchase, the successful bidder will be required to initiate a wire transfer to Ohio Sheriff Sales' trust account by 5:00pm the day of auction.

*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 THIS LINK 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 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. (This would typically only be in effect for a property that sells for less than the amount of taxes that are owed.)

*Bid increment for Online Bidding is $10,000.

*When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $10,000 increments. You will be notified by email and text if you are out-bid.

*Bid Extensions: If a bid is received within the last 5 minutes of the Auction end time, bidding will extend for a 5-minute period of time. Bid extensions continue until all bidding is exhausted.

*Default: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and possibly be found in contempt of court.