This is a court ordered auction. Saturday December 10th at 2:00. Registartion 1 hour prior to auction. This home features a large 2 car detached garage, vinyl siding, and newer replacement vinyl windows. Tax Value of $95,280 (Lake County Auditor). With a starting bid of only $49,667 this home is going to sell. Legal: This is a court ordered real estate auction, Lake County Case # 14CF001050. United States of America acting through The Rural development, United States Department of Agriculture (USDA) v. Richard E. Fails, et al. Terms: This is a Foreclosure Auction ordered by the Lake County Common Pleas Court. The foreclosure process clears all liens and encumbrances that come up during the title search including back taxes, on the subject property. The property sells with a minimum opening bid of $49,667 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. Buyer is responsible for their own inspection. Close within 30 days of court confirmation. No contract signed at auction, only a Buyer’s Information sheet. Buyer pays all closing costs. Registration is 1 Hour Prior to Auction. Auction to be held Onsite.