In a traditional seller auction (non-foreclosure) the answer is usually yes. You can confirm with the Auction Firm. In a Private Selling Officer auction, the property is subject to Ohio Revised Code Section 2329.191. You, as the highest bidder, should be covered by a type of title insurance that applies to foreclosure actions. Ohio Revised [...]
In a traditional seller auction (non-foreclosure), you will receive a warranty deed from the Seller. For a Private Selling Officer Auction you will receive a Private Selling Officer’s deed prepared in accordance with Ohio Revised Code Section 5302.31 and the Court's order and signed by the Private Selling Officer. No warranties of title are made [...]
The Private Selling Officer does not have keys to the property. You will have to consult a locksmith.
For a Private Selling Officer Auction if you wish to take title in the name of an entity, the Private Selling Officer or the title agency assisting the Private Selling Officer may require additional documentation or information relevant to an entity's purchase of real property, such as entity formation documents and resolutions authorizing the transaction, [...]
For a Private Selling Officer Auction, assuming the sale process has not been postponed or the sale of the property has not been vacated, the Private Selling Officer deed will be executed by the PSO and he/she instruct the title agency assisting the Private Selling Officer to record the deed only after the court has [...]
In a traditional seller auction (non-foreclosure) taxes are pro-rated to the date of closing. For a Private Selling Officer Auction, the payment of property taxes in a foreclosure action is governed by Ohio Revised Code Section 323.47. The court will determine the amount of taxes, assessments, penalties, and interest that must be paid from the [...]
If you default on your obligation to purchase the property offered by a Private Selling Officer or any Ohio Foreclosure Sale, you are subject to severe consequences, including the following: You may be held in contempt of court under Ohio Revised Code Section 2329.30. You may forfeit your sale deposit or be required to pay [...]
In a traditional seller auction (non-foreclosure) the answer is usually yes. You can confirm with the Auction Firm For Private Selling Officer Auction, No. As with any Foreclosure Auction, interior access is usually not allowed. You cannot trespass or disturb the owner or occupant. Doing so may be a violation of Ohio Revised Code Section [...]
There is no financing contingency. You will be required to complete your purchase even if you cannot obtain financing or you will risk default.
There are many types of financing, so the short answer to this question is yes. For Private Selling Officer Auction, However, obtaining a traditional mortgage will come with some difficulties as interior inspections are not allowed. This includes an interior review by an appraiser. You should discuss the options with your mortgage or banking professional.