I am very interested in a home that is going up for sheriff's sale at the end of the month. My question is are you able to view the inside of a home prior to the sale? Also,does anyone know if you are able to make an offer or purchase the home prior to the day of sale? I live in Ohio if that makes a difference. I have also contacted the sheriff's department several times but the person who I am directed to talk with is not available until the middle of next week.
Thanks for your help in advance!
2007-08-02 07:31:02 · 3 answers · asked by C 2 in Business & Finance ➔ Renting & Real Estate
Sheriff's sales are a great place to find a home if you are willing to put some money into the home! You must contact the sheriff's department usually it's secretary to learn more about the property and if you are able to view the home prior! Most homes you are able to view prior to or the day of the sale. You might want to contact the mortgage company prior to the sale and inquire about the price. You may have to wait until after the sale and if the mortgage company happens to buy it back then you would be able to make an offer.
Good luck chubi!
2007-08-02 08:33:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Some localities will do a home preview the day of or the day before the sale. Some don't. These homes are usually in "as is" condition and that is why many are not shown.
Check the local real estate tax assessment records for information on the property. That may give you some idea about the condition.
Usually, a sheriff's sale is just that, and nothing else. The property usually has to be offered to the public. I've never been to an auction where they sold the item the day before it was to go on the block. That would be because it is an auction. It will go on the block and be sold to the highest bidder.
2007-08-02 07:41:51 · answer #2 · answered by bells2599 2 · 1⤊ 1⤋
You will not be able to view the interior of the home ahead of time. You are buying 'as is'. When you go to the sheriff's sale, you don't make 'an offer'. You bid against other bidders until you either win the property or decide to drop out of the bidding. Be aware that you are bidding against the lender as well, who will have a representative present to insure that the bidding goes as high as needed to cover their interests. If the bidding does not go sufficiently high, the lender will 'buy back the property' at the sheriff's sale, at which time it will become a lender owned foreclosure.
2007-08-02 07:45:06 · answer #3 · answered by acermill 7 · 1⤊ 0⤋