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Sheriff's Sales: Sheriff's Sales for both private foreclosures and tax foreclosures are held on Wednesdays AND Fridays at 10:00 a.m. in the Pike County Courthouse 100 East Second St. Waverly front entrance, pursuant to advance scheduling by the Sheriff's Office. Parcels are bid competitively, generally beginning at an advertised minimum bid. These sales are advertised pursuant to law in The Pike County News Watchman. Such ads are typically run in the Wednesday edition of the paper. As the ads run several times, a potential buyer who regularly reads the Wednesday legal notices should see all applicable sales over time. APPRAISALS ARE FROM EXTERNAL VIEW ONLY, UNLESS OTHERWISE NOTED.
Finality of Sale: Once property is sold at Sheriff's Sale, the sale does not become final until the Confirmation Entry is filed, usually approximately one month later.
Terms of Sale , Mortgage Company or Bank foreclosure bids begin at a minimum of 2/3 the appraised value of the property. Tax foreclosures the amount of taxes owed is the minimum bid. 10% of the amount bid on the property is required to be paid the day of the sale by certified check or money order. (This check can be obtained immediately after the sale, by permission of the Sheriff's office, to alleviate the need to bring a check merely on the chance that property will be purchased.) The balance of the purchase price must be paid upon confirmation of sale and issuance of the deed. PLEASE NOTE that failure or refusal to pay for real property after purchase at sheriff's sale will subject the buyer to punishment for contempt of court.
Purchase by Mail: No procedures currently exist for registration of buyers or submission of bids by mail. Interested parties must attend personally or by representative at the applicable sale date and time.
Possession of Property: Property purchased at Sheriff's Sale does not truly belong to the buyer until confirmation of sale has been filed with the Court. Therefore, the buyer should NOT exercise any dominion or control over the property, such as demolition, construction, or harassment of tenants. Any such dominion or control is strictly at the buyer's risk.
Deed: Once the confirmation entry has been filed and the purchase price has been paid, the buyer will receive a Sheriff's Deed.
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