Ohio Foreclosure Homes

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Keith Sadler of Stony Ridge, Ohio, fell behind on his mortgage and wanted to get the attention of his lender before leaving his family home because of foreclosure.

Mission accomplished.

ToledoBlade.com reports that Sadler, with the help of the Toledo Foreclosure Defense League, “sealed” himself inside the home he “owned for 12 years and lived in for 20.”

And he intends to go down fighting until the bitter end.

Here’s a snip from the 53-year-old:

“Even though on paper and legally it’s no longer my house, I still consider this my home and I refuse to be kicked out by a greedy bank that is only interested in its bottom line… I decided this had to be done and whatever sacrifices have to be made will be made. I figured I’m leaving my house anyway. I might as well make it stand for something.”

Sadler fell behind on his payments shortly after leaving work because of a medical issue. He alleges that the lender, State Bank and Trust Co. of Defiance, promised to work out a deal; however, it never materialized and, instead, he received a letter in the mail saying he had to leave.

The home was purchased back by the lender at a foreclosure auction for $33,333 on Jan. 21, 2010. So, technically, the home is no longer his anymore, which makes a happy ending to this sordid tale all the less likely.

Local Sheriff Mark Wasylyshyn did not reveal when or how his department would remove Sadler from the home, saying that he had no intention of arresting him unless he “gives them trouble.”

Hopefully, cooler heads prevail when all is said and done. In the meantime, you can watch a live stream of Sadler’s resistance right here.

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If Terry Hoskins can’t have his home in Moscow, Ohio, then no one can.

Hoskins claims that he used a bulldozer to raze his house after the Internal Revenue Service (IRS) placed liens on his carpet store. He apparently used his home as collateral, according to The Washington Post.

So when the IRS came to collect on its insurance policy, Hoskins did what any normal red-blooded American male would do (sarcasm) and knocked it down with his oversized tractor.

The report indicates that he still owes $160,000 on his home loan.

But chances are once the lender, RiverHills Bank, requests a Brokers Price Opinion (BPO) to estimate the current value of the home, the number will be considerably lower.

And it’s probably too late to ask for a loan modification.

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auctions-hands

Get ready Missouri, Ohio, Utah and Wisconsin deal seekers:

RealtyBid.com, which has sold more than 25,000 foreclosed homes to investors throughout the nation in recent years, has more than 400 bank-owned properties hitting the auction block from Jan. 22 to Feb. 2, 2010.

It’s a 12-day super sale with inventory from one major lender. These properties MUST be sold!

Check out what’s available (For complete details click here):

It’s a 12-day super sale with inventory from one major lender that has RealtyBid.com Executive Vice President Mike Keracher very excited for homebuyers/investors in the area.

Here’s a snip:

“As always, we have discount properties from around the country available on our website. However, one specific lender we are working with has supplied us with dozens of Ohio, Utah, Wisconsin and Missouri foreclosures to auction. This is a banner opportunity to buy homes in these states at unbelievable prices.”

All inventory will be auctioned at the lowest possible prices.

Remember that you have to submit your bids online. So head over to RealtyBid.com right now and familiarize yourself with the bidding process while you zero-in on the property that’s right for you.

Bidding is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale at the upcoming foreclosure auctions in Missouri, Ohio, Utah and Wisconsin, as well as to see when RealtyBid.com will auction homes in your area, click here.

Good luck!

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REDC_auction

Five states, six days.

This weekend signals the start of huge opportunities for house hunters and investors in the Illinois, Indiana, Kentucky, Missouri and Ohio markets looking to take advantage of the best real estate deals in their areas.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from Saturday (Oct. 10) through Thursday (Oct. 15).

That’s right: Six consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties.

All told, 342 properties combined must be sold in less than one week. It’s the reason bids can start as low as $500 — everything must go!

Here are the locations (For complete details click here):

Read the rest of this entry »

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10khouse.jpg

The listing pictured above represents everything great about Foreclosure.com:

Amazing real estate DEALS!

This four-bedroom 1,680 square foot home built in 1940 is located in Dayton, Ohio, at 526 Lexington Avenue. It sits in a lot that is nearly 6,000 square feet.

For more details check out the entire listing right here.

(Note: To get complete access to the property information interested buyers/investors need to sign up for the FREE 7-Day Trial.

Zillow.com provides a Zestimate for this bank-owned home at around $68,330. Other comparable home prices in the area range from $38,356 up to $140,300.

So for how much is this featured listing on the market, you ask?

Unbelievably, the bank is only asking for $10,000! We’re showcasing this property specifically because we thought the price was a mistake. In fact, we even contacted the bank* to ensure that the listing information is indeed accurate.

This is the perfect property for an investor — the lot alone is more than likely worth more than the asking price.

Now, we have no idea on the condition of the interior of the house. However, we’re going to reach out to a local broker to snap a few photos and give us an “on-the-ground” assessment of this property. We’ll post an update or two on this listing in the next few days.

Stay tuned.

In the meantime, interested parties can contact the listing agent on this property for more details or leave questions in the comments section below and we’ll attempt to get some answers.

* Foreclosure.com has more than 1.2 million listings … and we provide this level of scrutiny for each one that we post on our site. We have the freshest, accurate and most reliable data available anywhere.
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