Court Ordered Real Estate Auction. Date and time to be determined. This ranch style home last sold for $135,500 and has a tax value of $87,770 (Lake County Auditor). With a starting bid of only $52,333 this is a great opportunity to get a nice home well below the tax value. Legal: This is a court ordered real estate auction, Lake County Case # 14CF001765. United States of America acting through The Rural development, United States Department of Agriculture (USDA) v. The unknown heirs, next of kin, devisees, legatees, executors, and/or administrators of Paul F. Brown, deceased, et al. Terms: This is a Foreclosure Auction ordered by the Lake County Common Pleas Court. The foreclosure process clears all liens and encumbrances, including back taxes, on the subject property. The property sells with a minimum opening bid of $52,333 which is 2/3 of the appraised value. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. The high bidder will immediately write a check for 10% of the sale price as a non-refundable deposit which will apply towards the total purchase price at closing. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days of court confirmation. No contract signed at auction. Buyer pays all closing costs. Registration is 1 Hour Prior to Auction.