Find Property Deals at 40-90% Off in Lorain County, Ohio Tax Sales
Lorain County, Ohio, presents an exciting opportunity for investors to acquire properties at a fraction of their market value through tax deed sales. With a population of over 313,000, this County is a promising location for real estate investments.
Lorain County Tax Deed Information
Auction Location: County Administration Building, Commissioner’s Public Hearing Room, 4th Floor, 226 Middle Ave, Elyria, Ohio 44035
Auction Dates: Designated Wednesdays, starting at 10:00 a.m.
Sheriff’s Sales Information: County Sheriff’s Sales
Contact Information:
- Sheriff’s Office: County Sheriff’s Office
- County Treasurer: County Treasurer
- General County Information: County Website
How Tax Deed Sales Work in Lorain County?
Auction Type: Tax deed sales are conducted via live verbal auctions.
Bidding Process: The highest bid accepted by the Sheriff results in a legally binding contract under Ohio law.
Preparation: Come prepared with proper identification and a cashier’s check to place your bid.
Property Inspection: Properties sold at auction cannot be viewed before the sale. Use the county assessor’s website and other resources for due diligence.
Important Auction Details
| Detail | Information |
|---|---|
| Sale Type | Tax Deeds |
| Typical Sale Date | Designated Wednesdays |
| Bid Procedure | Premium bid |
| Redemption Period | Not applicable for tax deed sales |
| Interest Rate | Not applicable for tax deed sales |
| Deposit | A cashier’s check is required for bidding |
| Auction Site | Lorain County Administration Building |
| Contact Information | Sheriff’s Office: (440) 329-5787 |
Pro Tips for Bidders in Lorain County
- Stay Updated: Sale dates can change, so regularly check the Sheriff’s website.
- Research: Conduct thorough research on properties using the assessor’s website.
- Health Precautions: If you feel unwell, prioritize your health, as there will always be another opportunity.
Lorain County Tax Sale FAQs
Q: What is the difference between a tax lien and a tax deed sale?
A: In a tax lien sale, investors purchase the lien on the property, earning interest if the owner redeems it. In a tax deed sale, investors purchase the property outright, usually at a significant discount.
Q: Can I view the properties before the auction?
A: No, properties cannot be inspected before the sale. Use the assessor’s website for property details.
Q: What should I bring to the auction?
A: Bring proper identification and a cashier’s check for the deposit.
For further details and to explore upcoming auctions, visit the Lorain County Sheriff’s Sales page.
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