This is a foreclosure auction ordered by the Montgomery 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. If there are no bids at the auction on May 3rd, there will be a second auction conducted on May 10th @ 1PM at the same location as the first auction (on-site). 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 Montgomery County Common Pleas Court, Case # 2016 CV 003291, Custom Homes Corporation of Miami Valley, LLC, et al.
Auction Date: Wednesday, May 10th at 1PM On-site
Address: 431-433 Troy St, Dayton, OH 45404
Auction will be held on-site at the subject property on the date and time specified. There will be no open inspection.
Property Description: C - Retail space. Built in 1913. 5,557 +/- sq feet per Auditor
Legal Description of Real Estate:
Tax ID No.: R72054030070
Property Address: 431-433 Troy Street, Dayton, OH 45404
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.
LEAD AUCTIONEERMichael Hoffman
*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 showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.