Frequently Asked Questions
How does the payment process for real estate purchased at Sheriff's sale work?
Payment for real estate purchased at the Sheriff’s sale may be made by personal check, certified check or cash at the time of sale as follows:
1. Bidding must be limited to $100.00 increments or multiples there of.
2. Bids that are less than $1,000 requires full payment of the sale price.
3. Bids between $ 1,000 & $ 10,000 require payment of $1,000 towards the sale price.
4. Bids over $10,000 require payment of 10% of the sale price.
The balance that is due must be paid by Bank Check only (no personal checks accepted for balance). The unpaid balance of the purchase price shall be due and payable to the Sheriff within 30 days from the date of the sale but also being subject to the confirmation order. See office staff for further details. The purchaser shall be required to pay interest on said unpaid balance at 10% per annum from the date of the confirmation of the sale to the date of payment of the balance unless the balance shall be paid within 8 days from the date of confirmation of sale, otherwise the purchaser may be adjudged to be in contempt of court.
 If you cannot complete the purchase for any reason, you may be cited for Contempt of Court, which could result in a substantial amount (perhaps all) of your payment (or more) assessed to cover court cost, etc.
 
 
Average rating: 1
Total ratings: 1
Total Views: 6165