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

Performing foreclosure auctions and judicial
sales for banks and mortgage servicers

Ohio's Private Selling Officers

Court Ordered Real Estate Auction


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. 

721 W. Osborne St, Sandusky, OH 44870

Property description: 2-family duplex. Built in 1930. 2,151 +/- sq ft per Auditor.

Erie County Parcel #: 58-00852.000

Sells with a minimum opening bid of $12,667 plus 10% buyer's premium. 

Auction will be held on-site at the subject property on the date and time specified. 

Legal Description:

PARCEL 1: Being Lot No. 22 on Osborne Street in D.L.C. Ransom’s Subdivision as per plat

recorded in Volume 3, Page 8 Erie County Ohio Records.

Property Address: 721 W. Osborne St.

Tax ID No.: 58-00852.000

Prior Deed Ref. Erie County O.R. Book 259, Page 415 and

Sandusky, OH 44870

Erie County O.R. Book 364, Page 412

Lot Size: 33 x 116 foot lot


Plaintiff

Civista Bank

Defendant Name

David R. Welser, Et Al

Viewing Dates

30 minutes prior to auction


Property Map


Lead Auctioneer

Michael Hoffman
Email Michael

W: 614-314-0298


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.

Number of Times Viewed: 1840