This is a court ordered foreclosure auction.
By order of Erie County Common Pleas Court, case # 2013 CV 0534, The Citizens Banking Company, nka Civista Bank vs. Lee A. Riedy, et al.
7617 Mason Road, Sandusky, OH 44870
Property description: the property is currently occupied. Auditor shows as 3BR, 1BA single family home built in 1950, 3,016 +/- sq ft on 1.117 acres plus commercial garage (used as a car repair shop)
Erie County Parcel #s: 33-00221.000, 33-00222.000, 33-00223.000, 33-00224.000
Sells with a minimum opening bid of $69,333.00 plus 10% buyer's premium.
LEAD AUCTIONEERMichael Hoffman
Basic Terms for most Foreclosure Auctions:
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 appraisal price.
If the auction is a live on-site auction the high bidder will immediately write a check for 10% of the high bid as a non-refundable deposit which will apply towards the total purchase price at closing.
If the property is sold Online Only, the successful bidder must wire or directly deposit the 10% into the trust account for Ohio Sheriff Sales within 24 hours of the end of the auction.
In some cases the bidder may be required to deposit a certain amount prior to bidding. That amount would be refunded if the bidder is not the successful buyer.
The real estate is sold As-Is, with no contingencies. All inspections 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 document section of www.OhioSheriffSales.com for the form.
A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Buyer pays all closing costs. Sheriff's deed or equivalent given at closing with no liens or back taxes.
Deposit and Closing:
Close within 30 days of Court Confirmation.
There will be no open inspections on this property. Property is currently occupied.