Second Sale Date:
Wednesday, May 22nd @ 12:00 PM
More Information
Lawrence Co. (Perry Twp) country FIXER UPPER property. Bidding starts at $100. Ranch home on full walkout basement and wrap around porch. Detached garage. Rear view is a steep ravine to a creek. Great property for owner sweat equity or possible flip.
Lot Size: 1.38 Acres
Annual Taxes: $360
Plaintiff
Members Choice Credit Union
Defendant Name
Michael B. Preston
Attorney
Holbrook and Pitt
Viewing Dates
The property is vacant and unlocked.
Property Map
Basic Terms:
*This is a Foreclosure Auction ordered by the Lawrence 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 $32,734.
*The required deposit is $5,000.
*In the event there are no bids garnered at the auction, a second auction will be held 7 days later. The second auction will be offered subject to no minimum bid.
*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, 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 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 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.
*Bid increment for Online Bidding is $100.
*When you place a bid, you can place a "Max Bid" and the software will bid for you in $100 increments. You will be notified by email 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.