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

Foreclosure Auction Wellston, Ohio


More Information

LIVE FORECLOSURE AUCTION

(With Online Bidding Available)

Tuesday, May 28th @ 6:15pm

(Online Bidding ends @ 6:30pm)

Auction to be held at:

Quality Inn

605 East Main St., Jackson, OH 45460

Subject Property:

307 N. Wisconsin Ave.

Wellston, Ohio 45692


Open Inspection: TBD

Property Description: 1,470+/- SF, 3 Bedroom, 1 Bath,  2-Story, Single-Family Home built in 1870 over crawl space on 60’ x 120’ Lot.  

Jacksons County PID: M240060001000

Tax Appraised Value: $59,600  

Sells Subject to No Minimum Bid!

ONLINE BIDDING NOTES:

Bid Increment: online bidding increments 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.

Tim Lile, CAI - Auctioneer

(937)689-1846

Tim@OhioSheriffSales.com

Disclaimer:  Information contained herein 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.

Lot Size: 1,470 SF on 60' x 120' platted lot

Annual Taxes: $992


Plaintiff

Peoples Bank, successor by merger with The First National Bank of Wellston

Defendant Name

Jason L. Rainer, et al.

Attorney

Malinda Langston

Viewing Dates

TBD


Property Map


Lead Auctioneer

Tim Lile
Email Tim

W: 937-689-1846


Auctioneer

Ron Denney
Email Ron

W: 937-572-4468


Basic Terms:

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

* The property sells subject to No Minimum bid!

* The required deposit is $5,000.

* Deposit for an Onsite purchaser 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.  If deposit has not been made by 12:00pm the day following the auction, purchaser automatically authorizes the required deposit amount be charged to the credit card provided at the time of registration plus the 4% processing fee.

* The real estate is sold As-Is with no contingencies. 

* Closing required within 30 days of Court Confirmation.

* No contract is signed after the auction. A one page Purchaser Information Form is the only document that is required by the Court. See Documents section of this listing 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.

* Provisional Auction Date Now In Effect: As the the $31,334 minimum bid was not achieved on the first auction date, a second auction will take place at the same time and location on Tuesday, May 28th subject to no minimum bid.

* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

* 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 possible being found in contempt of court.

* BIDDING NOTES:

Bid Increment: online bidding increments 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.

 

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