SHERIFF’S
(The Following
are “ Generalities” to be used as a “Guideline” ONLY!)
You must contact your personal attorney for legal
advice regarding the Sheriff’s sale of the real estate.
Note: Buildings located on the real
estate are not available for inspection prior to the Sheriff’s sale of the real
estate – neither by the Sheriff NOR
the Plaintiff.
All sales are at Caveat Emptor (“let the buyer beware”), and no warranties are expressed or
implied. The Sheriff’s Office does not guarantee a clear title to any property.
Check the court file located in the office of the Clerk of Courts, First Floor
or the
Sheriff’s sale of real estate takes place in the
Commissioners Hearing Room,
When appraised, most are done from
the outside of the buildings as neither the Sheriff nor the appraisers
can forcibly enter a home to appraise it.
Real estate cannot be sold for less than 2/3 of its’
appraised value, unless it is otherwise stated in the newspaper advertisement
for such sale. However, real estate that is sold by the Lorain County Treasurer
is sold for real estate taxes due & court cost due at the time of the sale.
PLEASE NOTE: THE PURCHASER TO PAY
CURRENT AND DELINQUENT REAL ESTATE TAXES PRIOR TO THE ISSUANCE OF THE SHERIFF'S
DEED. PLEASE TAKE THIS INTO
CONSIDERATION WHEN BIDDING.
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.
CHECKS – Please take note that any checks that are returned for insufficient
funds could result in criminal charges.
All
individual or business’s that submits a check to the Lorain County Sheriff that
is returned for insufficient funds will be required to pay in cash or by
certified bank check for any future purchases.
Purchases by certified bank check that are above the purchase price will
have the difference applied to the final balance upon the confirmation of the
sale.
All real property to be sold at the public auction
may be subject to a Federal Tax Lien that might
not be extinguished by the sale. You are urged to search the Federal Tax
Lien index that is kept by the
The minimum bid price for real estate sold at the
Sheriff’s sale consists of court costs & deed and DOES NOT include real estate taxes that are due and unpaid as of
the date of the Sheriff’s sale. The debtor has the right of redemption of the
property until confirmation of sale is signed by the judge and filed by the
court.
Upon receipt of the deed, if persons are still
living on the premises whom you do not wish to remain, and they will not leave
upon your request, you may wish to proceed with steps to secure an eviction
through the Municipal Court having jurisdiction or post a fee to the Common
Pleas Clerk of Courts & request a Writ of Possession (Restitution). If you
request a Writ of Possession (Restitution) & the person(s) do not
voluntarily move, you will be required to have a mover move & place the
personal property into storage in
The Sheriff’s deed given to the successful bidder
must be filed for record with the Transfer Office of the
The Sheriff’s Department relies on information submitted
to it by the Plaintiff in preparation for the Sheriff’s sale and deed. It is the purchaser’s responsibility to check
the real estate and its legal description for any encroachments and/or
deficiencies in order that the Sheriff’s deed complies with the Standards for
Land Conveyances in
Tax cases have a minimum bid that is established before the sale date. They are not appraised and the dollar amount you see in the newspaper or website is only for the back taxes and does not include court costs.