Second Sale Date:
Monday, November 30th
More Information
This is a court ordered foreclosure auction.
By order of Erie County Common Please Court, Case # 2015CV0161, Civista Bank vs David R. Welser, et al.
1306 Third St, Sandusky, OH 44870
Property description: 4 unit apartment building. One tenant. Built in 1945.
Erie County Parcel #: 57-05698.004
Sells with a minimum opening bid of $10,667 plus 10% buyer's premium.
Auction will be held on-site at the subject property on the date and time specified.
Legal Description:
PARCEL 3: Being Lot No. 5 of the Ada Rengel’s Subdivision as per plat recorded in Volume
26 of Plats, Page 33, Erie County Ohio Records.
Property Address: 1306 Third St.
Tax ID No.: 57-05698.004
Prior Deed Ref.: Erie County O.R. Book 183, Page 818
Sandusky, OH 44870
Lot Size: .3086 Acre
Viewing Dates
30 Minutes prior to auction
Property Map
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.