- 1). Contact the local sheriff's office in the county of the Indiana foreclosure you would like to purchase. Ask about the foreclosure bidding rules for the local county. Each Indiana sheriff can have varying rules on how to bid at a sheriff sale. For example, the Marion County Sheriff's Department requires a deposit of certified funds or a cashier's check of the full bidding funds before the sheriff sale even begins. The Delaware County Sheriff's Office requires a certified cashier's check or bank check of the full bid by 2:00 p.m. on the day of the sale.
- 2). Go to the bank and prepare the funds necessary to make your bids. You will generally need a cashier's check to bid on Indiana foreclosures. You must determine the maximum amount that you are willing to bid since you will need to submit that full amount immediately or on the day of the sale to complete the sale.
- 3). Follow the local procedure to place and pay your property bid. In the case of written bids submitted before a live auction, you usually need a bid form. Make sure you have any necessary forms on hand before the auction to ensure that you can prepare them before the deadline. Obtain the deed from the sheriff upon completion of the auction.
- 4). File the deed at the county recorder's office. Counties charge a small fee for recording an Indiana deed. For example, Adams County charges $16 for the first page and $2 for each additional page.
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