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

Toledo Commercial Foreclosure


More Information

Built in 1922. Single story retail building on busy Starr Ave. Lucas Co. tax appraisal is $111,500. 55 feet of frontage on a 6,795 SF lot. The large portion of the building was used as a small engine repair business. There is garage access from the alley and parking in the rear.

Annual Taxes: $3,720


Plaintiff

The Huntington National Bank

Defendant Name

Lory N. Arnold, Jr. DBA Small Engine Repair, et al

Attorney

Larry Rothenberg

Viewing Dates

Call Auctioneer for interior viewings. Part of the building is occupied by a hair and tanning tenant and can be viewed during business hours.


Property Map


Lead Auctioneer

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


Directions:

I-280 to West on Starr Ave. for 1 mile.


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.

Number of Times Viewed: 2110