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Q: Where can I get the addresses for the foreclosed homes?
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A: There are two places that you maybe able to obtain the address.
1- The Clerk of the District Court maintains the court file. You will need the case number to look up the court file. The court file contains the legal documents that have been filed with that particular case. The petition in the court file may have a street address that is listed in association with the legal description.
2- The Department of Records and Tax Administration should be able to provide a street address for the tax payer (defendant). You will need to provide the homeowner’s name (defendant) or the legal description. Specify that you need the address of the property not the mailing address. Often they have a mailing address for the tax payer that is not the address of the property.
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Q: Can I get into the property to see the condition of the house or building?
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A: NO. You have no legal access to the property. The homeowner still has legal possession of the property. The property is sold as is with no implied or expressed warranty.
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Q: Is there an opening amount set before the bidding starts?
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A: The attorney for the Plaintiff (usually the lending institution) will make the first bid amount for the property, then the bidding is open to the public. The property is sold to the highest bidder.
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Q: If I am the successful bidder, how do I need to pay for the property?
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A: The property is advertised and sold as cash in hand at the time of the sale. Cash is defined as: cash, certified checks or money orders. The certified check or money order is made payable to the Johnson County Sheriff. It is possible to contact the attorney that filed for the sale to arrange to have the money delivered to the Sheriff’s Office no later than 3PM on the date of the sale.
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Q: What are redemption rights?
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A: In every case the Judge sets a redemption period in accordance to state statues. Most redemption periods are three to twelve months depending on how much is still owed on the loan. The redemption period allows the defendant to exercise their redemption rights. The redemption rights allow the defendant to pay off the bid amount and any associated cost thereby they retain possession of the property.
During the redemption period you have no legal right of access to the property and the defendant can still reside and maintain possession of the property.
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