Court Ordered Real Estate Auction. Saturday October 15 at 1:00 pm. Registration 1 hour prior to auction. This home has a Tax Value of $125,930 (Erie County Auditor). With a starting bid of only $48,200 this is a great opportunity to get a nice home well below the tax value. Legal: This is a court ordered real estate auction, Erie County Case # 2014CV0003. United States of America acting through The Rural development, United States Department of Agriculture (USDA) v. Heather Flores, et al. Terms: This is a Foreclosure Auction ordered by the Erie County Common Pleas Court. The foreclosure process clears all liens and encumbrances, including back taxes, on the subject property. Starting bid $48,200, 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 including financing. All inspections must be done prior to Auction. Close within 30 days of court confirmation. No contract signed at auction, only a Buyer’s Information sheet. Buyer pays all their own closing costs. Registration is 1 hour Prior to Auction. Auction to be held Onsite.