A Sheriff’s Sale is a public auction of property with has been foreclosed. All sales are published in the Charles City Press four (4) weeks prior to the sale and also posted on the first (1st) floor of the Floyd County Courthouse as well as various locations in the local town where the property is located.
All sales are held on the first (1st) floor of the Floyd County Courthouse on date and time listed. Sale dates are subject to postponement or cancellation.
Prior to the date of the sale, the mortgage company will submit a bid in the amount they are looking to recover from the sale. To be successful in purchasing the property, you must bid higher than the amount listed. Payment for your bid must be made within 2 hours of the sale by cash, cashier’s check or money order. A personal check must be written in order to hold your bid until other payment has been received. If you fail to furnish the complete amount, you may be subject to a lawsuit from the bidding mortgage company.
All Sheriff’s Sales are buyers beware. Clear title is not guaranteed to real property. It is highly recommended you contact an attorney before purchasing at a Sheriff’s Sale as you may not be purchasing what you think you are.