7425 King Road, Sardinia, OH 45171

Foreclosure Auction ~ Sardinia, Ohio

Foreclosure Auction held onsite at subject property on Thursday, August 24th @ 2:30pm with online bidding available. DESCRIPTION: 1,352 Sq. Ft., 3 Bedroom, 1 Bath, 1.5-Story home on 2 parcels totaling .55 acres. (The additional .20 acre vacant lot is known as 7425 Sardinia-Mowrystown Road); PID's: 420817800000 & 420817840000); Tax Appraised at $36,280. NOTE: Brown County is granting a conditional transfer of this property for this transaction. Property will need to be re-surveyed for updated legal descriptions prior to any subsequent transfer. (Conditional Transfer Statement must be signed by purchaser). BASIC TERMS: * This is a Foreclosure Auction ordered by the Brown County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the subject property. * The property sells with a minimum opening bid of $6,667. * Requird deposit on Auction Day is $5,000 * 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 Purchaser Information Form attached in "Documents" section. * 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. * Provisional Auction Date: Thurssday, August 31st @ 2:30pm. In the event the minimum bid is not achieved on the first auction date, a second auction will take place on Thursday, August 31st @ 2:30pm subject to no minimum bid. * The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. In this instance, the stated minimum bid will cover all costs, allowances, and taxes.