Rules of Sales

  • Neither Hoosier Auction Company nor the county sheriff warrant the quality or state of title of the properties being sold. The common address referenced on this website and in the notice of sale required by Indiana Code §32-29-7-3 is for informational purposes only. As noted in §32-29-7-3(g), the common addresses listed in the notice of sale are for informational purposes only, and a misstatement of the common address in the notices required by §32-29-7-3 or on this website does not invalidate an otherwise valid sale. Prospective bidders should refer to the legal description set forth in the decree of foreclosure, which sets forth the precise description of the real estate being offered for sale. Neither Hoosier Auction Company nor the county sheriff warrant the condition of the improvements situated on the real estate being offered for sale. All sales are “as is.”
     
  • Pursuant to §32-29-7-9(a), a successful bidder, other than a plaintiff submitting a credit bid pursuant to a decree of foreclosure, must immediately tender to the auctioneer a certified or cashier’s check to the auctioneer. The certified or cashier’s check must be payable to the county sheriff in an amount equal to the bidder’s bid.
     
  • A plaintiff or other party submitting a credit bid pursuant to a decree of foreclosure may submit a specified bid in a sum certain to Hoosier Auction Company via e-mail in care of bids@hoosier-auction.com so long as the party’s e-mail is received by Hoosier Auction Company no later than 5:00 p.m. Indianapolis time on the day prior to the sale date. A plaintiff or other party submitting a specified credit bid pursuant to a decree of foreclosure via e-mail must tender Hoosier Auction Company the auction fee and sheriff’s fees and costs so that Hoosier Auction Company receives payment of said amount prior to the sale.
     
  • A plaintiff or other party submitting a credit bid pursuant to a decree of foreclosure that is the successful bid must tender payment of real estate taxes described in §32-30-10-14 to the appropriate county official prior to the sale. Failure to comply with this requirement may result in the sheriff refusing to issue the sheriff’s deed until the applicable taxes are paid.
     
  • Any sale conducted by Hoosier Auction Company shall be void, if, prior to the date and time of the sale, any of the following occur: (1) the homeowner files a petition for bankruptcy relief under the United States Bankruptcy Code, (2) the mortgage loan at issue in the foreclosure action is paid off, (3) the mortgage loan at issue in the foreclosure action is reinstated, or (4) the foreclosing mortgagee and the homeowner enter into a forbearance or other settlement agreement, extension agreement, or modification agreement.