Definitions

Definitions of terms you should know:

ALIAS: Also known as a “Pluries without Reappraisement.” This is a second or subsequent sale for the Foreclosure case, and a new appraisal was NOT requested by Court Order. Thus the previous appraisal is used.

DELINQUENT TAX SALE: This is a Tax Foreclosure when the Real Estate Taxes are delinquent and the Summit County Prosecutor (as attorney for the Summit County Fiscal Officer) or a Private Attorney (as attorney for a Tax Lien Certificate-Holder) begins the foreclosure process that ends with a Sheriff’s Sale.

DEFENDANT: This term refers to the Person or Party who has defaulted on their loan. The Defendant may also be referred to as the “Judgment Debtor” on the case.

JUDGMENT CREDITOR: This term refers to the Judgment Creditor, who must have participated in a Court Action leading to the Court ordering the debt to be paid through the sale of the property. A junior or subsequent lien holder is not necessarily a Judgment Creditor. A person or company may be a valid lien holder entitled to a portion of the proceeds of the sale, but not necessarily be THE person or agent/company that took the Judgment Debtor to Court.

MORTGAGE SALE: This is a Bank Foreclosure when the homeowner defaults on their loan and the Mortgage Company/Bank begins the foreclosure process that ends with a Sheriff Sale.

PLAINTIFF: This term refers to the Bank or Mortgage Company who has filed suit in the Court. It also refers to the court runners or professionals who attend the sale and bid on behalf of their clients (the Bank or Mortgage Company) that holds the loan on the property. Plaintiffs frequently bid on several properties during a sale.

REALAUCTION: This is the Sheriff’s Online Sheriff Sale Site. Pursuant to the Ohio Revised Code 2329.153, this is the “official public Sheriff’s Sale Website” which is operated by RealAuction, based on a contract with the Ohio Department of Administrative Services. The process and procedures under which these sales will be completed are detailed at the Realauction website https://summit.sheriffsaleauction.ohio.gov. All prospective bidders should familiarize themselves with this process.

REAPPRAISEMENT: Also known as a “Pluries with Reappraisement.” This is a second or subsequent sale for the Foreclosure case, and the Court signed an Order to grant that a new appraisal be done on the property. This “Reappraisement” reflects the new appraisal that was done.

REGULAR: This is a new, or first, sale for the Foreclosure case that was appraised.

TAX VERIFICATION FORM: This is the Form that the buyer is responsible to obtain, fill out, and submit with payment to the Summit County Fiscal Office for real estate taxes. There are two different forms, one for a Mortgage Sale and one for a Delinquent Tax Sale. These forms and the information needed to fill them out, can both be found on the Sheriff’s Website.

THIRD PARTY: This term refers to any purchaser who is NOT affiliated with the Bank or Mortgage Company, or Case.