ONLINE ONLY FORECLOSURE AUCTION
2315 Frederick Road
Cuyahoga Falls, OH 44221
Wednesday, March 24, 2021 @ 11:00am
Property Description: This 1,228 square ft. ranch on a full basement has 3 bedrooms and 1 1/2 bathrooms
Summit County PID: 0210794
Loan # *******- ****** 4092
Appraised Value: $129,000
Minimum Bid ONLY $86,000
Case Information: Summit County Case CV2020092611. The Huntington National Bank vs. James M. Mitchell 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
Lot Size: 70'X102'
Annual Taxes: $$2,994
The Huntington National Bank
James M. Mitchell et al.
*This is a Foreclosure Auction ordered by the Summit 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 $86,000
*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 31, 2021 @ 11:00 AM, 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.