BANKRUPTCY

Pursuant to United States Bankruptcy Court, Southern District of Ohio Eastern Division, Case No. 23-50007, property is being sold by Christal L. Caudill, Bankruptcy Trustee at an online auction conducted by Chris Davis, dba Auction Ohio. The seller will pay for preparation of deed, county conveyance fee and proration of real estate taxes. If buyer desires title insurance, it will be at the buyer’s expense. The sale is subject to the approval of the Bankruptcy Court.

A 1,596 sq. ft. 2 story with 3 bedroom (1 with no closet), 2 full baths (1 up & 1 down), living room, eat-in kitchen  (with no appliances), family room (w/wbfp), 1st floor laundry, partial  basement, gas FA furnace & CAC. There’s an attached 1+ car garage plus an 18’x26’ detached building (used as a workshop). There is also a patio area behind the house and part of the rear yard enclosed by a 6’ privacy fence and concrete driveways on W. Pearl Street and S. Church Street.  Situated on a 50'x150' corner lot that backs to an alley. 

NOTE: The property is tenant occupied; however, the tenant will vacate by closing.

AUCTION TERMS & CONDITIONS

1. The property sells with reserve of $50,000 (minimum bid).

2. See the Acknowledgement of Terms & Conditions document. Must be signed before bidding.

3. The real estate sells in 'AS IS' condition. The Seller is not making any repairs or giving any concessions – No Contingencies.

4. The sale is not contingent upon a satisfactory inspection.

5. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

6. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.

7. The successful bidder/buyer will tender a $5,000 deposit (earnest money) by electronic transfer.

8. Buyer to proceed to close within (30) days of court approval.

9. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

10. There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.

11. Please see the Frequently Asked Questions and Advantages of Competitive Bids for more details.

AUCTION MARKETED & AUCTIONED BY

Auction Ohio Real Estate

7461 Worthington Galena Road

Worthington, OH 43085