NOTICE ONLINE SHERIFF SALES 

Beginning August 2021, the Madison County Sheriff’s Office will conduct the sales of all real estate subject to foreclosure on the “Official Public Sheriff’s Sale Website” which is operated by Realauction based on a contract with the Ohio Department of Administrative Services.  The process and procedures under which these sales will be completed are detailed at the Realauction website https://madison.sheriffsaleauction.ohio.gov   All prospective bidders should familiarize themselves with this new process.

In general, the following key points are noted:

1. All person(s) who want to bid on a property offered by the Madison County Sheriff’s Office must register with Realauction.  Registration will include completion of the Purchaser Information Form.
   

2. Properties will be open for bid, at least seven days immediately prior to the date of sale.  This is generally known as a proxy bid.
   

3. Each Friday at 10:00 a.m. Eastern Time, the online auction will begin.  Auction will be conducted for each individual property; however only one property will be sold at a time.  After a property is sold the next scheduled property sale will begin.
   

4. To be a qualified participant, bidders must submit a deposit based on the total deposit requirement ($2,000 / $5000 / $10,000 set by law) for all properties on which the bidder wishes to bid by the predefined deadlines. The only acceptable deposit types are bank wire transfer or ACH, no cash deposits will be accepted.  All Wire Deposits must be received by 5 p.m. EST two  (2) business days before then auction sale date.  All ACH Deposits must be initiated by 4 p.m. EST five (5) business days before the auction sale date.  It is the responsibility of the bidder to plan ahead and allow enough time for their bidding deposits to be received and processed within the timeframes described above.
   

5. Tax Lien Sales will be included in the online sales through Realauction. 

Important Information

Realauction will conduct webinar training.  Classes will be held via the Internet on a regular schedule.  These webinar classes generally last 90 minutes and specifically cover the use of the software.  Attendance is by registration only.

For additional information or to register for a webinar, please contact the Realauction Customer Service at (954) 734-7401 or toll free at (877) 361-7325.  Customer Service can also be reached via email at customerservice@realauction.com.