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MARION COUNTY SHERIFF’S DEPARTMENT
MORTGAGE FORECLOSURES
BIDDERS INSTRUCTIONS
Prior to placing any bids, all persons bidding must have on deposit the full amount of what bidder is willing to bid up to must be on deposit by 3:15 p.m. on sale date. Funds must be in form of cashiers check or certified funds drawn from an Indiana bank. Bid will not be excepted for more than funds on deposit. Absolutely no bid or deposits will be accepted after 3:15 p.m.
No cash can be accepted. No letter of credit can be accepted.
All sales are subject to any first and prior liens, taxes and assessments legally levied and assessed thereon, or any other liens not properly set out in the lawsuit.
The only Marion County Treasurer tax bills resolved before Sheriff sale are those for which the “due date” has passed. If tax bills are issued with due date of 3-15, and sale date is 3-22, those taxes must be paid by plaintiff prior to the sale date. However, if tax bills are issued with due date of 4-01 and sale date is 3-22, those taxes could be responsibility of the buyer because they are not yet delinquent.
Plaintiff is also to pay any amounts of redemption where a certificate of sale is outstanding. This means that properties sold in tax sale must be redeemed prior to Sheriff sale.
Hidden Encumbrances: If the Marion County Dept of Health has ordered property to be mowed, boarded up or assessed a sewer lien, and the amount assessed has not yet appeared on a tax bill, the buyer will be responsible for those assessments. Another hidden encumbrance could be the amount assessed but not yet billed for city to put property on city sewer or to install curbing.
Prior Liens: Any prospective bidder should obtain their own title evidence before making any bids on any properties in the sale. If XYZ Roofing or ABC Homeowners Association is the plaintiff, there is an excellent chance there is a mortgage lien superior to the lien of plaintiff.
The Sheriff Dept does not have access to properties. There is a good chance property is occupied. Buyer is encouraged to do “drive-by” inspection. If buyer is wandering around property or peeking in windows, buyer is trespassing. Diligent neighbors have been known to call police due to trespassers.
Bargains are far and few between. Expect competitive bidding. If it seems too good to be true, then more research may need to be done.
All bids are final. No bid can be withdrawn or amended after being duly received and recorded by Sheriff’s personnel conducting the sale, except by court order. |