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Updated over 6 years ago on . Most recent reply

Patrick Jung's profile image
Patrick Jung's profile image
Patrick Jung
  • Rental Property Investor
  • from Lakewood, OH
  • Member since Mar 3, 2015
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User Stats

27
Posts
5
Votes
Patrick Jung's profile image
Patrick Jung's profile image
Patrick Jung
  • Rental Property Investor
  • from Lakewood, OH
  • Member since Mar 3, 2015
Connect
Patrick Jung
  • Rental Property Investor
  • Lakewood, OH
5
Votes |
27
Posts
Buying & Selling Real Estate

Sheriffs Deed

Patrick Jung
  • Rental Property Investor
  • Lakewood, OH
Posted

Im currently looking at a home that is for auction and it has a sheriffs deed.

Can anyone tell me anything about the Sheriffs Deed?

The MLS posting stated Property is subject to a $2000. buyer paid premium.

All i know about this deed it that it is a foreclosure and in auction. I've heard that the minimum down payment for a sheriffs deed is 10%. I would obviously like to negotiate a price for 20% down. Does anyone have experience with this? and is it possible to have them cover the closing costs?

THanks in advance

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