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

Performing foreclosure auctions and judicial
sales for banks and municipalities

Ohio's Private Selling Officers

Fairfield County Foreclosure Auction


More Information

ONLINE ONLY FORECLOSURE AUCTION

13424 NE Elm Rd

Thornville, OH  43076

Bidding Ends

March 17, 2021 @ 1:00 PM

 

Property Description: There are 10 total  parcels in this auction, and they will all sell to one buyer. Several of the parcels are vacant and may be a great spot to build a home or a weekend getaway near Buckeye Lake. The house, ( Parcel 0461114000) built in 1961 features 3 bedrooms, 1 bathroom. The 1 story home is on a crawl space.

Fairfield County PIDs: 0461112800, 0461112900, 0461113000, 0461113100, 0461113210, 0461113900, 0461114000, 0461114100, 0461114200 and 0461114300

Loan # *******- ******

Appraised Value for all 10 lots:  $120,000

Minimum Bid ONLY $80,000

Case Information:  Fairfield County Case 20CV424. The Union Bank Company  vs. Eric A. Lowe et al.

ONLINE BIDDING NOTES:

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

Max Bid: When you place a bid, you can place a "Max Bid" and the automated bidding 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 the bidding.

 Ronald Denney, CAI - Private Selling Officer

(937)572-4468

ron@OhioSheriffSales.com

Lot Size: The total acreage for all 10 parcels is 1.10(+or-)

Annual Taxes: $2,212


Plaintiff

The Union Bank Company

Defendant Name

Eric A. Lowe et al

Attorney

Chelsea Croy Smith

Viewing Dates

No interior viewings. Please do not trespass.


Property Map


Lead Auctioneer

Ron Denney
Email Ron

W: 937-572-4468


Auctioneer

Tim Lile
Email Tim

W: 937-689-1846


Basic Terms:

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

*The property sells with a minimum opening bid of $80,000

*The required deposit is $5,000

*Deposit for an onsite auction will be required by check or cash immediately at the conclusion of the auction.

*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 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.

*Provisional Auction Date: In the event the minimum bid is not achieved on the first auction date, a second auction will take place on March 24, 2021 @ 1:00 PM subject to no minimum bid.

*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 $100.

*When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $100 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.

 

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