DALLAS COUNTY PROPERTY FORFEITURE AUCTIONS
1. Sheriff’s sales are generally held on a monthly basis at the Dallas County Courthouse located at 801 Court Street, Adel, Iowa at 9:30 A.M. - (Check our website or call our office to verify location)
2. The Sheriff’s office cannot guarantee clear title to the property. These properties are sold as is.
3. Each property should be researched before bidding. As with any real property purchase, it is advisable to consult an attorney who is knowledgeable in this area.
4. The Dallas County Sheriff’s Office does not provide any warranty or guarantee on the condition or repair of the property or buildings on the property.
5. The address listed for the property being sold is provided to us by the plaintiff’s attorney. The legal description takes precidence over the street address.
6. Sales are held as an auction and will be sold to the highest bidder. The plaintiff is entitled to submit a bit via mail or fax prior to the sale. The plaintiff’s bid is not disclosed until the time of the sale. This bid will be the opening bid. If no one else bids, the property will be sold to the plaintiff for their bid. Whoever has the highest bid, over the plaintiff’s bid will be the purchaser. All bids must be in U.S. currency and at face value.
7. If a private party wishes to bid, they must have a letter of credit for or exceeding their bid at the time of the sale. The successful bidder must return by 4 P.M. the same day with the total amount of their bid, as a cashier’s check or certified check made out to the Dallas County Sheriff.
8. NEW PURCHASERS: For those persons who have not developed a purchasing history with our office, if you are the successful bidder, you must deposit with the Sheriff $100.00 in cash. When you return with the full amount of your bid, the cash will be returned to you. If you do not return with the bid amount, the Plaintiff has the option to sue you for the amount of your bid. The $100.00 deposit will not be refunded and will be used for costs of the resale.
9. Most of these sales are for mortgage foreclosures which means that the debtor is in arrears on the mortgage. The sale may be a foreclosure of a second mortgage rather than a first mortgage, which will leave the first mortgage still in place. There also may be stipulations in the foreclosure decree that have special provision for certain debts. Some sales have redemption periods, where the debtor may have up to a year to redeem the property.
10. If a foreclosure sale does not have a redemption period, a deed is issued within a few days. If the foreclosure sale does have a redemption period, a Certificate of Purchase is issued and the Original Certificate of Purchase must be turned in at the end of the redemption period, for a Sheriff’s Deed, providing the property has not been redeemed. The Sheriff’s office charges $30.00 for the processing of the deed.
11. All foreclosures are published in a local newspapers Dallas County.
12. All potential buyers should be aware that the property may be occupied and eviction procedures may be required prior to obtaining physical possession of the property.
13. No access is granted to the property prior to the sale. It is private property and tresspassing is a legal offense punishable by fines and/ or jail time.
Glossary of Terms
Plaintiff: Company or person filing the lawsuit (foreclosure).
Defendant: Persons or company against whom the lawsuit (foreclosure) has been filed. The persons who have judgments against the primary defendants are also listed as defendants because they are being notified of the foreclosure proceedings. Their judgments will be wiped out as judgments against the property, with the Sheriffs sale of the property.
Case Number: The case number the court assigned to a court case when it is filed.
Auction Date: The date the property is set for auction. Delays may be announced at the time of the auction.
Address of Sale Property: The address the Attorney gives us as the property being sold as described in the foreclosure decree by a legal description.
Redemption Period: The amount of time the defendant(s) is allowed by law to purchase the property back (redeem) after the sale for the purchase price plus costs reported to the clerk of court by the purchaser. Some of these properties will not be for redemption, the ones that are may vary from 30 days to one year.
Sale Date: Date property was actually sold.
Price: Price property was sold for.
Purchaser: Company or person to whom the property was sold.