AUCTION CANCELLED DUE TO ARSON. PROPERTY HAS BEEN SIGNIFICANTLY DAMAGED.

This is a Foreclosure Auction ordered ordered by the Montgomery County Common Pleas Court, Case # 2018 CV 01897, Civista Bank vs. Michael K. Fox, et al. The foreclosure process clears all liens and encumbrances on the subject property. 

The property sells regardless of price, subject only to Court confirmation.

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.)

For the avoidance of doubt:  If the purchase price is insufficient to pay taxes, court costs, and the costs of the Private Selling Officer, then the purchaser, in addition to the amount of the purchaser's bid, must pay a sum which, with the amount so bid, will be sufficient to pay the taxes, court costs, and the costs of the Private Selling Officer. 

Note: At the time of this posting, there is approximately $82,000 in unpaid taxes (see above notice). This amount is subject to change based on closing date. Please check with County Auditor on any tax related questions.

Property Address: 5825 N. Dixie Dr, Dayton, OH 45371

Property Description: Commercial building. Former gentleman’s club, "The Harem"

Legal Description of Real Estate: see attached.

Tax ID No's.: E21-01004-0048 & E21-01004-0152

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

The required deposit amount is $10,000.

In the case of an online purchase, the successful bidder will be required to directly deposit the required amount into the trust account of Ohio Sheriff Sales at any Chase Bank branch OR initiate a wire transfer to said trust account by 5:00pm the day of auction. Purchaser may also have the deposit charged to the credit card provided at the time of registration with a 4% processing fee added to the deposit amount. ACH deduction is also available with no additional cost by providing your bank account information to the PSO. This method is highly recommended. If deposit has not been made by 12:00pm the day following the auction, the credit card provided at the time of registration will automatically be charged along with the 4% processing fee.

The real estate is sold As-Is, Where-is with no buyer contingencies for financing, inspection or otherwise. All desired inspections (if available) must be completed and necessary financing arranged prior to Auction.

Balance and closing required 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.

Buyer pays all closing costs.

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

Bid Increment: online bidding increments for this auction is $100.

Max Bid: When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $100 increments up to your maximum. You will be notified by email if your maximum is out-bid by another bidder.

Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend for an additional 5 minutes. Bid extensions will continue until a 5 minute period of time elapses after the stated auction end time with no advance in bidding. 

Buyer 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 penalties, including possibly being found in contempt of court.

Disclaimer: All information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Ohio Sheriff Sales, LLC Auctioneers nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.