Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Backing out of a purchase at Sheriff Sale in Ohio
I have a friend that purchased a home at their county sheriff sale this week and no longer wants to move forward with the purchase. this particular county didn't require certified funds or cash...he simply used a personal check and has since stopped payment on the check for the down payment. Are there legal repercussions that can happen and if so what are they? When he speaks to the attorney that is representing the lender...is there anything specific he should tell the attoney?