Butler County

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

lien

O.R.C. 5721.32

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

bid begins at 18%/yr simple interest, bid down to 0%; redemption interest 18%/yr (5721.38)

O.R.C. 5721.32

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

certificate period 3 to 6 years; redeemable until foreclosure initiated

O.R.C. 5721.38

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

public auction; award to lowest certificate interest-rate bid

O.R.C. 5721.32

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

varies by county

O.R.C. 5721.32

Auction platforms

• RealAuction · auction site

Parcels in this county

No parcels listed yet.

1. 1.Watch for the advertisement of the foreclosure sale; each parcel is advertised and sold by the officer to whom the order of sale is directed in the manner provided by law for the sale of real property on execution (5721.19(B))
2. 2.Check the notice, which must state the date, time and place of the sale if it is held at a physical location, or the start date, minimum duration and web site address of the sale if it is held online, together with the deposit required by 2329.211 (2329.26(A)(2)(a))
3. 3.Bid on a parcel that the court, in its judgment of foreclosure under 5721.18, has ordered sold without appraisal, for not less than the county auditor's fair market value plus the costs of the foreclosure proceeding, or the total amount of the finding plus those costs (5721.19(A))
4. 4.Note that a parcel is adjourned to a second sale date if no bid reaches the minimum, and that the second sale is held between two and six weeks after the first offering, at the same place and time (5721.19(C)(1))
5. 5.Submit the sale deposit required by 2329.211: for residential property $2,000 where the appraised value is $10,000 or less, $5,000 where it is more than $10,000 and not more than $200,000, and $10,000 where it is more than $200,000; for commercial property, the deposit set for the sale (2329.211(A)(1), (B))
6. 6.Meet the deposit timing and other payment requirements set by the court or the person conducting the sale and stated in the advertisement, or the sale is invalid and the property may be brought to the provisional second sale date (2329.211(A)(2))
7. 7.If the sale is held online, pay the deposit by a financial transaction device (2329.211(A)(3))
8. 8.Submit the purchaser's identifying information to the officer who makes the sale, including contact details, financial transaction device information and whether the property will be used as residential rental property (2329.271(A))
9. 9.Pay the balance due on the purchase price within 30 days of the confirmation of the sale, or the court may forfeit the sale and the deposit on the officer's or an interested party's motion (2329.30)

RegistrationSigning up as a bidder before the sale. Counties set the deadlines and paperwork, which may include an application, identification, and a no-delinquent-taxes statement. See the full glossary for more terms.

Required: UnknownUnknown

Not verified from a source yet.

DepositMoney you must post before or at the sale, often a flat amount or a percentage of your bid. It is usually applied to the purchase price if you win and is often non-refundable if you fail to pay. See the full glossary for more terms.

Required: YesUnknown

the timing of the deposit and other payment requirements shall be established by the court or the person conducting the sale and included in the advertisement of the sale (2329.211(A)(2))

FormsPaperwork a county may collect before you can bid, such as a bidder ID card or a W-9 for tax reporting. See the full glossary for more terms.

Bidder ID card: UnknownW-9: Unknown

The purchaser of lands and tenements taken in execution must submit identifying information to the officer who makes the sale (2329.271(A)(1)(a))

If the purchaser is an individual: name, mailing address (not a post office box), electronic mail address, telephone number and financial transaction device information; if an entity: legal name, trade name, state and date of formation, active status with the secretary of state, mailing address, telephone number, financial transaction device information, and an individual contact person with title and contact details (2329.271(A)(1)(a))

Not yet researched; every value is unknown.