Purchasing historic property through sales conducted by the Floyd County Sheriff's Department:
The homes listed on this page are sold AS IS. “AS IS” means that the seller offers no guarantees on the property. For example, if the buyer discovers damages to the property after closing the sale, the damages are the responsibility of the buyer.
An announcement of properties that qualify for foreclosure sales are published in the legal section of the New Albany Tribune three times within thirty days before the sale date.
The buyer is required to pay in certified funds to the Floyd County Sheriff's Department by 4:00 PM on the day of the sale the full amount of the purchase price.
Procedure for bidding:
The institution holding the mortgage places the first bid. The bid amount covers the mortgage amount owed to the mortgage holder.
If you are not competing with any other bidder, you must bid at least $1 more than the bid of the mortgage holder.
If more than one third party bidder are competing for the property, the winning bid is at least $1 more than the bid of the mortgage holder AND higher than the competing bids.
If the property is not sold at auction on the published sale date, a potential buyer may contact the mortgage holder after the published sale date and negotiate the purchase price.
For more information about purchasing a property through a sheriff's sale, contact Sheriff's Matron Dezarae Crowe at 812/948-4742.
Please note: Although we strive to be as accurate and thorough as possible, the information contained within the real estate descriptions is not guaranteed.
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