Stop Your Indiana Sheriff Sale by Selling Your House Fast
A scheduled sheriff sale is one of the most urgent real estate situations an Indiana homeowner can face. But it's not too late β you can sell your home before the sheriff sale and stop the process permanently. Bartolini Cash Buyers makes cash offers within 24 hours and can close before your scheduled sale date.
What Is an Indiana Sheriff Sale?
An Indiana sheriff sale (also called a sheriff's auction) is the final step in the judicial foreclosure process (IC 32-30-10). After a foreclosure judgment is entered, the court orders the property sold at public auction by the county sheriff. The property is sold to the highest bidder. If no one bids above the opening bid (typically the judgment amount), the lender takes the property. You can stop the sheriff sale by selling the property before the auction date.
How Much Time Do You Have Before the Sheriff Sale?
Indiana sheriff sales are scheduled by the court after a foreclosure judgment is entered. The sale is typically scheduled 30β90 days after the judgment. You can sell your home at any point before the sheriff sale β even the day before. Bartolini Cash Buyers can close in as few as 5β7 days. If your sheriff sale is more than 7 days away, there is still time to sell and stop the auction.
How Selling Stops the Sheriff Sale
Once you accept Bartolini Cash Buyers' offer and the title company pays off your mortgage at closing, the lender's foreclosure judgment is satisfied. The lender files a satisfaction of judgment with the court, and the sheriff sale is cancelled. The entire foreclosure process is permanently resolved. You walk away with your remaining equity and a clean financial slate.
Indiana Redemption Period After Sheriff Sale
If the sheriff sale occurs before you can sell, Indiana law (IC 32-30-10-14) provides a three-month redemption period after the sale. During this period, you can pay the full judgment amount (plus interest and costs) to reclaim the property. You can also sell the property during the redemption period β but the redemption amount must be paid at closing. Act before the sheriff sale if at all possible.
Emergency Closings in Indiana
Bartolini Cash Buyers has experience with emergency closings in Indiana. When a sheriff sale is imminent, we work with Marion County and surrounding county title companies to expedite the title search and closing documents. We have closed Indiana properties in as few as 5 days when circumstances required it. Contact us immediately if your sheriff sale is scheduled β every day matters.
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