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All Forum Posts by: Mark Ciccero

Mark Ciccero has started 1 posts and replied 1 times.

Foreclosures

Post: Backing out of a purchase at Sheriff Sale in Ohio

Mark CicceroPosted
  • Real Estate Investor
  • Cleveland, OH
  • Posts 1
  • Votes 0

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?   

0 Votes