Information on Sheriff Sales
**SHERIFF SALES GOING VIRTUAL SOON**
Foreclosure real estate sheriff sales will be conducted online within the next couple months. The process and procedure under which these sales will be completed are detailed at RealAuction.com. A website and training link will be available soon. Please check weekly for additional updates.
Delinquent tax sales will still be conducted in person.
Sheriff sales are conducted at the Fulton County Sheriff's Office 129 Courthouse Plaza, Wauseon and start promptly at 10:00 am, unless otherwise noted.
If you are interested in a sheriff sale property, please be advised that properties can be withdrawn from sale up until the sale day time of auction.
If a property is listed as "TBD" (To Be Determined) in the Appraised field, then the property is being sold for delinquent real estate taxes.
Property must be sold for no less than two-thirds of the appraised value. The appraised value is set based on an exterior appraisal of the property. The sheriff’s office nor any affiliates have access to the inside of said property. When a property is offered for sale at a first auction, remains unsold, a second sale is conducted. All second sale dates are without regard to a minimum bid requirement but are subject to costs, allowances, and real states taxes that the proceeds of the sale are insufficient to cover.
Terms of Foreclosure Sale:
**Deposits the day of sale are no longer 10% of the purchase price**
All third party purchasers shall make a deposit the day of sale as follows:
If the appraised value of the property is:
Less than $10,000.00 = $2,000.00
$10,000.00 but less than $200,000.00 = $5,000.00
Greater than $200,000.00 =$10,000.00
If you are the successful bidder the process after the sheriff sale auction takes an additional 30 to 40 days to complete. Once the confirmation entry is filed with the Court, and our office receives the Sheriff’s Deed, we will contact you to schedule a time to complete the sale. You must have the balance of the proceeds at that time. Our office will accept a personal check made payable to the Fulton County Sheriff’s Office.
If you purchase a property at sheriff sale, it still belongs to the original owner until the Common Pleas Judge has signed the confirmation of sale. This process usually takes up to 30 days or more. The property is not transferred into your name until the sheriff’s deed has been recorded with the Fulton County Recorder. Please note the judgement creditor and first lienholder each have a right to redeem the property within 14 days of the sale by paying the full purchase price to the Clerk of Court. The Clerk of Court shall proceed with the redeeming party considering the successful purchaser of the sale. NOTE: Sheriff Sales can be very risky in terms of money and other concerns. If you have any questions regarding this, you should consult your personal attorney before any real estate purchase from sheriff sale. We cannot advise you of any legal questions you may have.
Frequently Asked Questions:
Can we see the House?
We have no access to the interior of the houses for sale. No arrangements may be made for an internal inspection of the properties. You are urged to check out the property as best you can. The Fulton County Auditor can provide a printout on the property showing the numbers, and types of rooms, etc. or you can access the Auditor’s website at www.fultoncountyoh.comauditor. Then on the left of the screen select “real estate”, then select “real estate information property search”.
How does the Sheriff Sale work?
By law, the sale must be a public sale, unless ordered by the Court. Sales are held on Thursdays at 10:00 a.m. unless otherwise noted, at the Fulton County Sheriff's Office. You, or a representative must appear to bid. It works the same as any common auction. All parties interested in purchasing a property at sheriff sale need to complete the form below and have this form completed and ready the day of sale.
**PURCHASER INFORMATION FORM**
Make sure you can meet the terms of the sale. Be ready to make your deposit at the time of sale. Caution, this is a Court function; if the sale is not completed, you are subject to being held in contempt of court and losing your deposit. Click HERE to download the form.
What happens to the liens on the property?
Liens are marshaled, (placed in order and paid in order), and paid from the sale proceeds. A deficiency judgment may be granted to the plaintiff against the defendant (homeowner), if enough money is not generated at the sale. The liens are then canceled against the property. The exception is a Federal Lien, (which will be on file at the Fulton County Recorder’s Office). You are urged to check out any liens, and check with an attorney if you have questions. We do not have lien information at the Sheriff’s Office.
What if someone is living in the house?
If someone is living in the house and will not vacate, the Sheriff’s Office will remove them on issue of a Writ of Possession. You may be responsible for paying the filing fee to obtain the Writ of Possession from the Clerk of Common Pleas Court, and providing manpower to set out their belongings. Again, you should consult an attorney for questions regarding any of this.
Large amounts of money are involved. Sales are Buyer Beware. You are responsible for checking out the property and judge for yourself if it is suitable for the purpose you intend. Consult with an attorney if you are in doubt!