Archive for Auctions


howard-county-sheriff-saleHoward County Sheriff’s Sale

The next Howard County Sheriff’s Sale of properties in foreclosure is scheduled for December 16. This month there are 41 properties slated for the sale. And as usual, when the list is posted there are already some properties scratched from the list. There will probably be several more properties removed from the list between now and the date of the Sheriff’s Sale; so be sure to check the list before you go to the sale. And be warned – some properties are removed from the sale just minutes before it starts.

If you’ve been following the Sheriff Sales, you know that many properties are removed. In fact, last August there were 77 properties on the list. By sale date, almost half of them were taken off the sale.

There are several possible reasons why a property may be removed from the sale:

  • Some homes are listed for sale and the seller gets an offer. The house either sells before the auction or the owner gets the lender to postpone the auction to allow the house to close.
  • The owner may have brought the loan up-to-date or worked out a loan modification with the lender .
  • The owner may have filed bankruptcy, which stops the foreclosure process.
  • The lender didn’t follow correct foreclosure procedures and the owner has the process stopped.
  • Etc, etc, etc.

Before you go to the sale and decide to bid on a house, be sure to read the Sheriff Sale Information page. There is a lot of good information there. It advises you that:

  • There are no guarantees!
  • There are no inspections!
  • These are cash sales!

When you buy a house at a Sheriff’s Sale, you get what you get! Warts and all!

For more information about the foreclosure process and how you can get the “upper-hand” in buying a foreclosure property, you might want to read:

Get the “Upper-Hand” in Buying a Foreclosure Home In Kokomo


Comments (1)
Sep
16

Howard County Tax Sale Coming in October

Posted by: Betty | Comments (0)

0728auctionFinally, Howard County has scheduled a Real Property Tax Sale for October 15! It’s been several years since the last sale, so there are lots of properties with delinquent taxes and assessments.

Before getting into this, keep in mind…

A Tax Sale is NOT the same as the monthly Sheriff’s Sales!

There is are big differences between the two! One of the biggest differences is what you own at the end of the sale if you have the winning bid. If your bid wins  at a Sheriff’s Sale, you own a house. If your bid wins at a Tax Sale, you own a piece of paper called a Tax Sale Certificate.

For more information about how these two sales are different, see Howard County Sheriff Sales vs Tax Sales. There’s even a chart you can enlarge and print.

Now back to the Howard County Tax Sale scheduled for October 15… I didn’t find anything on the Howard County website, so what follows is from the Legal Notice in the Kokomo Tribune (Sept. 3).

It appears that SRI Incorporated, an auction company, is handling the sale or at least registration for the sale. It seems there are 872 properties slated for the tax sale. You can find a list of all properties by parcel number by going to the Delinquent Properties Index. Choose Howard County in the first drop-down menu and tax year 2009 in the second one. (I don’t think this is a very user-friendly way of displaying the properties, but they didn’t asked me!)

You can also register for the Howard County Tax Sale and all other tax sales in the state that SRI serves by visiting Tax Sale Registration. Be Warned! This page is terrible! The alignment is totally messed-up!

If and when the Howard County website has information about the Tax Sale, I will try to update this information.

Subscribe to updates by email

Comments (0)


howard-county-sheriff-saleHoward County Sheriff’s Sale

The next Howard County Sheriff’s Sale of properties in foreclosure is scheduled for September 23. This month there are 58 properties slated for the sale. And as usual, when the list is posted there are already some properties scratched from the list. There will probably be several more properties removed from the list between now and the date of the Sheriff’s Sale; so be sure to check the list before you go to the sale. And be warned – some properties are removed from the sale just minutes before it starts.

If you’ve been following the Sheriff Sales, you know that many properties are removed. In fact, last month there were 77 properties on the list. By sale date, almost half of them were taken off the sale.

There are several possible reasons why a property may be removed from the sale:

  • Some homes are listed for sale and the seller gets an offer. The house either sells before the auction or the owner gets the lender to postpone the auction to allow the house to close.
  • The owner may have brought the loan up-to-date or worked out a loan modification with the lender .
  • The owner may have filed bankruptcy, which stops the foreclosure process.
  • The lender didn’t follow correct foreclosure procedures and the owner has the process stopped.
  • Etc, etc, etc.

Before you go to the sale and decide to bid on a house, be sure to read the Sheriff Sale Information page. There is a lot of good information there. It advises you that:

  • There are no guarantees!
  • There are no inspections!
  • These are cash sales!

When you buy a house at a Sheriff’s Sale, you get what you get! Warts and all!

For more information about the foreclosure process and how you can get the “upper-hand” in buying a foreclosure property, you might want to read:

Get the “Upper-Hand” in Buying a Foreclosure Home In Kokomo

To get the “upper-hand” when buying a home in Kokomo and the surrounding areas you just might want to attend our FREE Educational Foreclosure Tour of Kokomo area foreclosured properties.


Comments (0)
Dec
09

Kokomo Real Estate Auctions

Posted by: Betty | Comments (0)


0728auctionYou and Kokomo Real Estate Auctions

There is an interesting article in the Arizona Republic– Do Your Homework Before Home Auctions. Even though Arizona is a higher priced market than Kokomo, it has some very good information about foreclosure real estate auctions. It is well worth reading. Read More→

Comments (0)
Jul
28

Howard County Sheriff Sales vs Tax Sales

Posted by: Betty | Comments (0)

0728auctionDo you know the difference between
a Tax Sale and a Sheriff’s Sale?

You may be like a lot of people who think they are the same thing. Actually they are similar in that there is an auction; but the reasons for the sales are very different and the outcome for each is different. Read More→

Comments (0)

Internet Warning!


Despite advertising claims to the contrary, the internet is NOT an experienced Real Estate Professional. It cannot consult, counsel, advise, have knowledge of local laws and market conditions, make judgments, “own” the result, or most importantly, understand your individual goals and needs and care about you as a Client. Furthermore, data by itself can be very misleading. To obtain an accurate interpretation of any information you’re receiving online, please contact us.
*Used with permission - by Mollie W. Wasserman

Utilities and Other Important Sites