Subject property is a 4000sf retail space strategically located in a densely populated area on a high traffic count street. Built in 2001, property was previously utilized by Fast Payday Loans of Ohio. Hamilton County appraised the property in 2011 at $378,730, but sells subject to the court-ordered minimum bid of only $127,334!
Fifth Third Bank
Mendos, Inc., et al.
Patricia L. Hill - Statman, Harris & Eyrich, LLC
Tuesday, July 24th from 1:00pm to 2:00pm Tuesday, July 31st (Auction day) 12:30 to 1:00pm
Tuesday, July 24th from 1:00pm to 2:00pm
Tuesday, July 31st (Auction day) 12:30 to 1:00pm
Lead AuctioneerTim Lile
From I-75 take I-74W/US-52W [Exit 4] to Montana Ave [Exit 17]. LEFT on Montana Ave to LEFT on Boudinot Ave to RIGHT on Queen City Ave to 1st LEFT on Midway Ave to RIGHT on Glenway Ave.
*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 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.