Can someone help me understand Sheriffs sale better? (REPOST)

1 Reply

Regarding sherrifs sales in my county.

On the property page link below - there are 5 categories for the status of a given property. ACTIVE/CANCELLED/BANK/PRIVATE/BANK PLTF - What does bank,private, and bank pltf mean?

Does the property go back to the bank if it doesn't reach the listed mortgage balance? I am confused if these property are selling and who they are selling to.

https://webapps.lakecountyohio.gov/Sheriff-Sales/

@Adam Craig

There may be other investors in your location that can speak to this, however the folks who facilitate those auctions can probably help you out in this understanding.  I'd recommend reaching out directly to them.

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