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

Lima, Ohio Foreclosure Auction


More Information

ONLINE ONLY FORECLOSURE AUCTION

1215 Rice Avenue

Lima, Ohio 45805

Bidding Ends

Tuesday, July 12th @ 4:00pm

Property Description: 1,794+/- SF, 4 Bedroom, 1 Bath, 1.5-Story home built in 1938 over a partial basement on 0.145+/acre lot.

Allen County PID: 36-2612-15-003.000

Annual Taxes: $917

School District: Lima CSD

Zestimate: $88,700

Minimum Bid ONLY $40,000

Case Information: Allen County Case #CV 2021 0311; The Huntington National Bank vs  John Doe and/or Jane Doe, Real Name Unknown, The Unknown Heirs, Devisees, Legatees, Admins, Executors and Assigns of Betsy B. Welch, Deceased ,et al.

ONLINE BIDDING NOTES:

Bid Increment: $100 up to $100,000 and $1,000 thereafter.

Max Bid: When you place a bid, you can place a "Max Bid" and the automated bidding software will bid for you in the required increment 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 - Private Selling Officer

(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. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.

Lot Size: 1,794+/- SF on 0.145+/- acre lot

Annual Taxes: $917


Plaintiff

The Huntington National Bank

Defendant Name

John Doe and/or Jane Doe, Real Name Unknown, The Unknown Heirs, Devisees, Legatees, Admins, Executors and Assigns of Betsy B. Welch, Deceased ,et al.

Attorney

Carlisle Law

Viewing Dates

No interior viewings. Do not trespass.


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 Allen 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 $40,000.

* The required deposit is $5,000.

* Successful bidder will be required to deposit above amount into the trust account of Ohio Sheriff Sales by 5:00pm day of auction end. This can be done directly at any Chase Bank branch OR by initiating a wire transfer OR via Zelle using Barry@OhioSheriffSales.com (you may have to arrange a one-time daily limit increase with your financial institution for this option). If deposit has not been made by stated time, purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 5% 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: In the event the $40,000 minimum bid is not achieved on the first auction date, a second online auction will take place ending on July 20, 2022 @ 4:00pm 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. This generally only comes into play when a property goes to the 2nd auction with no minimum bid.

* 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.

 

Number of Times Viewed: 817