Save Big with Lucas County Tax Lien & Deed Investing: Properties Up to 90% Off!
Lucas County, Ohio, is a fantastic spot for investors looking for great deals on properties. Located along Lake Erie and the Maumee River, this area includes Toledo, a vibrant city with a population of nearly half a million.
Experience the Best Deals at Lucas County Tax Foreclosure Sales
Lucas County stands out by offering Tax Foreclosure Sales every Thursday at the County Courthouse in Toledo. This is different from many counties that deal in tax lien certificates. These sales provide an opportunity to acquire properties at substantial discounts.
How Tax Sale in Lucas County, OH Works
- Location & Time: Sales take place every Thursday at 10 a.m. at the Lucas County Courthouse, 700 Adams Street, Toledo, Ohio.
- Deposit Requirements: Bidders must provide a deposit equal to 10% of the starting bid, with a minimum of $1,000 and a maximum of $5,000. This deposit must be in cash or certified check.
- Bidding Process: Bids increase in $25 increments, and you need to have your deposit ready at the time of bidding. Leaving to fetch money isn’t allowed.
- Sale Outcome: Properties can be sold either for back taxes and costs or at the Auditor’s fair market value plus costs, depending on the Court’s order.
Important Links and Contacts
| Description | Link |
|---|---|
| Tax Deed Foreclosure Information | Lucas County Sheriff’s Sales and Foreclosures |
| Treasurer’s Office | Lucas County Treasurer’s Office |
| Sheriff’s Office | Lucas County Sheriff’s Office |
| County Website | Lucas County Official Website |
| Auction Location | Lucas County Courthouse, 700 Adams Street, Toledo, Ohio |
Key Details for Lucas County Tax Foreclosure Sales
- Sale Type: Tax Deed Foreclosure
- Sale Date: Thursdays at 10 a.m.
- Bid Procedure: Premium Bid
- Deposit: 10% of the starting bid (minimum $1,000, maximum $5,000)
- Redemption Period: No redemption period after-sale
- Interest Rate: Not applicable as these are deed sales
- Contact: Ruth Seth at rseth@co.lucas.oh.us or 419-213-4316
Tips for Successful Bidding in Lucas County
- Research: Ensure you research the properties thoroughly. Check for any liens, health code violations, or pending demolitions.
- View the Property: Always visit the property before bidding to avoid unpleasant surprises.
- Have Funds Ready: You must have the deposit ready at the auction; otherwise, you might lose the chance to secure the property.
Attractions and Economic Highlights in Lucas County
Popular Attractions: Enjoy beautiful parks, historic sites, and vibrant theatres in Toledo.
Transportation Infrastructure: The County has a well-developed network of roads, railways, and a convenient airport.
Economic Development: The county’s economy thrives on diverse sectors like manufacturing, technology, and agriculture.
Community Appeal: Experience the charm of outdoor recreational activities, entertainment options, eco-tourism, and historical attractions.
Lucas County FAQs
What happens if I win a bid but don’t have the deposit ready?
You must have your deposit ready at the auction. If you can’t pay immediately, you’ll lose the property and forfeit any prior payments.
Can I inspect the property before the sale?
Yes, it’s strongly recommended that properties be inspected before bidding. Check with the local code enforcement and health departments for any issues.
What if the property has existing liens?
Properties sold in REM are subject to all prior liens. Make sure to research thoroughly to avoid unexpected liabilities.
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