Poweshiek County Sheriff
Sheriff's Sales
Sheriff's sales are foreclosed properties. The sales are held at various times starting at 9:00 a.m. on the north steps of the Poweshiek County Courthouse located at 302 E. Main St. in Montezuma.
|
DATE |
TIME |
PROPERTY BEING SOLD |
REDEMPTION PERIOD | Judgment Amount |
| All Sheriff's Sales from December 30, 2009 on will be held @ 9:00 am in the Conference Room at the New Public Safety Building located @ 4802 Barnes City Rd. | ||||
| POSTPONED TO February 17, 2009
|
9:00 am | 612 East Pershing Dr., Brooklyn, IA | N/A | POSTPONED
$85,021.02 |
| POSTPONED TO February 17, 2009
|
9:00 am | 616 High St., Grinnell, IA | N/A | POSTPONED
$58,108.33 |
| February 17, 2009 | 9:00 am | 101 6th Ave., Grinnell, IA | N/A | $119,694.11 |
| February 17, 2009 | 9:00 am | 3320 Hwy 63 North, Malcom, IA | N/A | $107,517.46 |
| February 17, 2009 | 9:00 am | 172 385th Ave., Grinnell, IA | N/A | $153,004.31 |
| February 17, 2009 | 9:00 am | 1415 Penrose St., Grinnell, IA | N/A | $94,297.19 |
| February 17, 2009 | 9:00 am | 1136 Summer St., Grinnell, IA | N/A | $61,530.72 |
| February 17, 2009 | 9:00 am | 613 Main St., Grinnell, IA | N/A | $69,444.65 |
| February 17, 2009 | 9:00 am | 1409 Prince St., Grinnell, IA | N/A | $93,379.59 |
| February 17, 2009 | 9:00 am | 1426 Prince St., Grinnell, IA | N/A | $41,618.97 |
| February 17, 2009 | 9:00 am | 3811 150th St., Brooklyn, IA | N/A | $95,914.57 |
| February 17, 2009 | 9:00 am | 4560 55th St., Grinnell, IA | N/A | $71,223.85 |
| February 17, 2009 | 9:00 am | 3224 NE Lakeshore Dr., Brooklyn, IA | N/A | $143,311.94 |
| February 17, 2009 | 9:00 am | 4165 Sharon Dr., Brooklyn, IA | N/A | $49,138.42 |
| February 17, 2009 | 9:00 am | 234 West St. South, Grinnell, IA | N/A | $740,643.71 |
| February 17, 2009 | 9:00 am | 120 Spruce Rd., Montezuma, IA | N/A | $193,534.86 |
| February 17, 2009 | 10:30 am |
Randhawa Truck Stop 4124 V-18 Rd., Brooklyn, IA |
N/A | $2,545,412.73 |
| March 31, 2009, 2009 | 9:00 am | 614 Prairie St., Grinnell, IA | N/A | $84,131.69 |
| March 31, 2009, 2009 | 9:00 am | 303 Church St., Deep River, IA | N/A | $67,285.14 |
| March 31, 2009, 2009 | 9:00 am | 5276 Sawmill Rd., Montezuma, IA | N/A | $237,562.00 |
| March 31, 2009, 2009 | 9:00 am | 2393 370th Ave., Victor, IA | N/A | $161,250.53 |
|
For more information regarding the
above properties,
Sheriff’s Foreclosure Sales:
THE FOLLOWING INFORMATION IS NOT BE CONSIDERED LEGAL ADVICE AND IS NOT INTENDED TO REPLACE AN ATTORNEY All sales will be conducted at the times published at the north door of the Poweshiek County Courthouse. As Sheriff’s Sales are buyer beware, it is highly recommended that you contact an attorney before purchasing at a Sheriff’s Sale as you may not be purchasing what you think you are. The Poweshiek County Sheriff’s Office cannot give legal advice. Frequently Asked Questions 1. Q: Do I have to pay the full amount of my bid the day I purchase? A: Yes. 2. Q: Can I enter the residence I plan to purchase? A:
No, if the residence is unoccupied. 3. Q: Does the Sheriff’s Office have keys to the residence? A: No. In addition, the Sheriff’s Office cannot give permission for you to enter a residence. 4. Q: How do I pay for a purchase at a Sheriff’s Sale? A: You may “hold” your bid by writing a personal check to the Poweshiek County Sheriff for the full amount you bid if your check is accompanied by a Letter of Guarantee from the bank you are writing the check on. Depending on where you bank, you will be given enough time to go to your bank and get a cashier’s check for the full amount you bid and return it to the Poweshiek County Sheriff's Office. At that time, you will receive back your personal check. In any event, this transaction must be completed by 1:00 p.m. of the day of the sale. Another possibility is if you know the maximum you are going to bid, you may have a cashier’s check for that amount already made payable to the Poweshiek County Sheriff. If your actual bid is less than that, you will be refunded the difference. 5. Q: What happens if I am the highest bidder and change my mind about buying the property? A: Pursuant to the Code of Iowa, 626.85, the judgment holder may proceed against you for the amount you bid. If the judgment holder does not wish to proceed against you, the sale will be treated as a nullity and the Sheriff’s Office will then proceed as mandated by the Code of Iowa. 6. Q: How does the bidding start? A: The judgment holder almost always starts the bidding. Generally, the judgment holder bids in writing a plaintiff’s bid on judgment. This bid is usually given to the Sheriff’s Office before the day of the sale. The judgment holder’s bid, if given to the Sheriff prior to the sale, is considered a sealed bid and will not be disclosed until the sale is called. 7. Q: If I purchase at a Sheriff’s Sale, who is responsible for back property taxes? A: Taxes stay with the property. If you made the purchase, you are now responsible for the taxes. 8. Q: If I purchase and there is a redemption period, when do I get a Sheriff’s Deed? A: If you purchase property with a redemption period, you will be issued a Certificate of Purchase. When the redemption period is up, you may then return the original Certificate of Purchase to the Sheriff and you will then receive a Sheriff’s Deed. It is very important you do not lose the original Certificate of Purchase. If you lose it, you will not receive a Sheriff’s Deed until you get a court order directing the Sheriff to issue you a duplicate Certificate of Purchase. (626.96) If you fail to have a Sheriff’s Deed issued within 8 years after the date of issuance of the Certificate of Purchase, the Sheriff’s Sale will be cancelled. (626.97) 9. Q: What does redemption period mean? A: If the sale notice indicates there is a redemption period, that is the amount of time the defendant has the right to redeem the real estate after the sale. If the defendant makes redemption, this must be completed at the Poweshiek County Clerk of Court’s Office. 10. Q: If I purchase and there is a redemption period, can I enter the property before the redemption period is up? A: This is a question for your attorney. 11. Q: When I get a Sheriff’s Deed, what do I do next? A: This is a question for your attorney. 12. Q: If I get a Sheriff’s Deed and there are people living there, how do I get them out? Do I have to go through the eviction process? A: These are questions for your attorney. 13. Q: What is the difference between a Special Execution and a General Execution? A: In a Special Execution, the Court directs what the Sheriff shall sell. In a General Execution, the plaintiff directs the Sheriff what to sell. If the plaintiff directs the Sheriff to sell real estate pursuant to a General Execution, the Sheriff sells only the right, title and interest the defendant has in the real estate. Before bidding for any real estate at a Sheriff’s Sale, it is wise to consult an attorney. 14. Q: If I purchase at a Sheriff’s Sale, what name(s) and how should I have them typed on the Sheriff’s Deed or Certificate of Purchase? A: This is a question for your attorney. 15. Q: Can the Sheriff’s Office recommend an attorney? A: Absolutely not. 16. Q: If I purchase property at a Sheriff's Sale, do I get clear title? A: Clear title is not guaranteed to real property sold at a Sheriff's Sale.
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