The Process for Forclosed Homes/Structures is as Follows:

Property List:

First, you must obtain a PROPERTY LIST to identify and search for properties that you may be interested in. There are three ways to get one of our lists:

  1. A PDF copy of the PROPERTY LIST can be viewed, printed or downloaded from this web site on the DOCUMENTS & INFORMATION page (viewing the list in this manner will give you the most current and up to date information)

  2. The ACCDC office has a computer kiosk in the waiting room area for the public to use to view the ACCDC web site and the PROPERTY LIST. Other helpful information can also be viewed. Paper is available at the kiosk for you to write down notes, addresses, etc.

We encourage buyers to drive by the properties they think they may be interested in to get a first impression of the condition of the lot and house, the neighborhood, etc. to determine if they want to proceed further.

process 1

 

 

 

Authorization to Access Structure:

When you find a property with a house or building that you are interested in possibly making a bid on, we recommend that you inspect the interior to make an assessment of the condition of the structure and the financial obligation that you may be undertaking. To do so, you must make an appointment with one of our inspectors. You may do so by calling 260.449.3276. Once an appointment is made, you will need the following:

  • You must present a valid driver's license
  • You must complete Hold Harmless Agreement
  • You may not damage or remove anything from the property
  • Only adults 18 or older may enter a house or building

Minimum Bid Amount:

Each ACCDC property has a Minimum Bid Amount listed that is based on a formula calculated by the Allen County Tax Calculator system:

  • Only those bids made at this amount or higher will be accepted
  • The Minimum Bid Amount is NOT negotiable

Make Your Bid:

Interested buyer will have to complete a bid for which will include your contact information, the property you are interest in, and the minimum amount you are bidding.

The bidding process will open on a Tuesday and will end on the following Wednesday. The bid will go live and will be posted on facebook and our website.  You will have a chance to

increase your bid up to 2:30 p.m. on Tuesday and Thursday of the first week and the closing bid will be accepted on by 11:00 a.m. on Wedneday of the following week. This will require you completing a new bid form with each additional bid.

When you turn in your final bid, we recommend bidding your maximum amount to increase your chances of having the winning bid. Once you turn in your final bid, we will put that bid in an envelope and seal it in front of you.

We will then hold a "bid opening" meeting, open to the public in the Building Department Conference room the next day, which will always be Thurday, unless otherwise indicated, at 11:00 a.m.

Once all bids are opened, the winning bid will be announced.  The winning bidder is given until the following Tuesday by 11:00 a.m. to deliver the bid amount in form of cashiers check or money order. If the winning bidder fails to deliver, the sa

sale will go to the next highest bidder.

Finalize the Sale:

As the successful bidder, you must meet with one of our manager to complete and sign an Indiana Sales Disclosure form. We will issue you a SOLD sign at that time; however, the sale of the property is NOT final until you receive the property deed made out in your name. A Quitclaim Deed will be issued, which may take up to 30 to 45 days following the submittal of your documents. After you receive your deed, then the sale is considered closed, and the property is legally yours. Congratulations!

IMPORTANT: DO NOT invest any money or make any improvements to your property until you receive the deed, making the property legally yours.

QUITCLAIM DEED: You will receive your Quitclaim Deed in the mail which will look like the sample document below. 

quitclaim

SCAM WARNING: Your Quitclaim Deed with your name, mailed to you from the ACCDC, is your official and legal document of record showing legal ownership of your property. Beware of any other organization, such as National Record Service, Inc., who may send you information implying that you need to pay a fee to them in order to receive an "official" or "certified" deed. That is NOT true.

scam warning

"AS IS" Transaction:

All ACCDC properties are sold as an "AS IS" transaction. There is no warranty or guarantee of any kind, either express or implied, regarding the condition of the real estate, its improvements, fixtures, utility systems, personal property, etc. THE BUYER RELEASES SELLER FROM ANY AND ALL LIABILITY RELATING TO ANY DEFECTS OR DEFICENCIES AFFECTING THE REAL ESTATE, and agrees to purchase the real estate "AS IS". Further, no warranties or representations will be given regarding the marketability of the title. Although all ACCDC properties receive a court order to clear the title, the Buyer will be responsible for obtaining any survey, title search, and cleaning any liens or encumbrances of record if any still remain.

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