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

Marion Commercial Property


More Information

This is a foreclosure auction ordered by the Marion County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the property.

A 10% buyer's premium will be added to the high bid to obtain the final selling price.

The buyer will immediately write a check for $5,000 as a deposit on the property. The property will be offered at the second auction subject to no minimum bid, and will sell to the highest bidder subject to Court confirmation.

The real estate is sold As-Is, Where-is with no buyer contingencies for financing, inspection or otherwise. All desired inspections (if avaiable) must be completed and necessary financing arranged prior to auction day.

Balance and closing required 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.

Private Selling Officer deed or equivalent given at closing with no liens or back taxes.

Buyer pays all closing costs.

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

By order of Marion County Common Pleas Court, Case # 2013 CV 0193, The Citizens Banking Company (Civista Bank) vs. Lynn R. James, et al.

Auction Date: Tuesday, April 4th at 1PM On-site

Address: 420 East Center Street, Marion, OH 43302

Auction will be held on-site at the subject property on the date and time specified. There will be no open inspection.

Property Description: Commercial office building. 

Legal Description of Real Estate: Situated in the City of Marion, County of Marion, and State of Ohio, and bounded and described as follows:

Being a part of the Souteast Quarter of Section Twenty-two (22) township five (5) South, of Range Fifteen (15) East, bounded and described as follows:

Beginning at a point in the nort line of East Center Street, where the East line of Greenwood Street intersects said North line of East Center Street; thence East along the North line of East Center Street eighty (80) feet to a point; thence northerly and parallet to the East line of Greenwood Street; sixty (60) feet to a point; thence westerly and parallet to the North line of East Center Street, eighty (80) feet to a point, which is the East line of Greenwood Street; thence southerly along the East line of Greenwood Street sixty (60) feet to the place of beginning.

And being a tract of land fronting eighty (80) feet on East Center Street and sixty (60) feet on Greenwood Street, out of the southwest corner of Land No. 306 in said City of Marion, Ohio, together will all right, title and interest of the grantor in and to any and all streets, roads and ways bounding on said described premises.

Parcel ID: 12-I114000.5300

Street Address: 420 East Center Street, Marion, OH 43302

Disclaimer: All information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC Auctioneers nor their agents will be responsible for any errors or ommissions 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.


Plaintiff

Civista Bank

Defendant Name

Lynn R James, et al

Attorney

Larry Rothenberg

Viewing Dates

30 minutes prior to auction.


Property Map


Lead Auctioneer

Michael Hoffman
Email Michael

W: 614-314-0298


Basic Terms:

*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 Participation:

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.

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