Poweshiek County Sheriff

Sheriff's Sales

 

Sheriff's Sales are held at various times starting @ 9:00 am in the conference room of the Poweshiek County Public Safety Building located at 4802 Barnes City Rd, Montezuma, IA.

Please use the door located on the south side of the building at the southwest corner.

Registration prior to the start of the sale will be required for anyone wishing to bid.  Please bring the required letter of guarantee (example below) along with a check from the same institute the letter of guarantee is from, or cash.  Further questions may be answered below.

 

DATE

TIME

PROPERTY BEING SOLD

REDEMPTION PERIOD  

JUDGMENT AMOUNT (Additional costs, fees and interest are no included in the amount listed below.)

 

SALE RESULTS
February 5, 2020 9:00 a.m. 1217 1st Ave., Grinnell, IA N/A $70,157.24 CitiMortgage, Inc.      $48,900.00       
February 5, 2020 9:00 a.m. 503 S 3rd St., Montezuma, IA N/A $96,939.67 Andrew Erselius $52,000.00
February 5, 2020 9:00 a.m. 411 E. 2nd St., Brooklyn, IA N/A $69,711.58 LPM Real Estate $36,000.00
March 11, 2020 9:00 a.m. 1019 Spring St., Grinnell, IA N/A $68,818.70 Vanderwilt Enterprises LLC $60,000.00
March 11, 2020 9:00 a.m. 1816 Belmont Dr., Grinnell, IA N/A $113,046.28 Andy G. Erselius $86,000.00
March 11, 2020 9:00 a.m. Parcel ID: 170-0384400 - Hwy 6, Grinnell, IA 1 Year $36,601.23 Mark Rutherford $180,000.00
May 20, 2020

June 17, 2020

CANCELED

9:00 a.m. 421 Main St. Grinnell, IA N/A $83,832.11 CANCELED
May 20, 2020

June 17, 2020

CANCELED

9:00 a.m. 1723 Hobart St., Grinnell, IA N/A $72,629.33 CANCELED
May 20, 2020

June 17, 2020

CANCELED

9:00 a.m. 302 Clay St., Malcom IA N/A $74,201.24 CANCELED
September 23, 2020 9:00 a.m. 421 Main St., Grinnell, IA N/A $83.832.11  
           
 

(SAMPLE OF LETTER OF GUARANTEE)

Note:  A printed copy is required to be provided with the check at the time of sale.  Please do not e-mail, fax or assume a copy on your cell phone will be accepted.   If you have any questions regarding your letter of guarantee, please contact Dawn Disney prior to the day of the sale.

 

     Bank Letterhead

 

     Date

 

     Poweshiek County Sheriff

     P.O. Box 297

     Montezuma, Iowa 50171

 

     Re:          Poweshiek County Sheriff’s Sale(s)

 

______________________ Bank/ Credit Union guarantees the Poweshiek County Sheriff funds on a personal check written  by ______________________ on account number ________________ with this institute for up to $________________.   This guarantee is valid for up to $ ______________ per property.     

 

This guaranty expired on__________________________________.

 

     Signature

     Name/Title

 

 

 

For more information regarding the above properties, or this offices procedures
please contact Dawn Disney - Office Deputy at 641-623-5679

 

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 Poweshiek County Public Safety Building (South Door). 

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.
        Yes, if the residence is occupied and you get permission to enter from the residents.

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 (see sample below for the verbiage that will be accepted by the Sheriff of Poweshiek County) 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.

        Cash is always accepted. 

        Please note:  We will require individuals sign in prior to the start of the sale with their name, contact information and acceptable letters of guarantee and checks to eliminate down time and make the sale run more efficiently.  After the sale the successful bidders will meet with the Sheriff or Office Deputy to provide the pertinent information for preparing the Certificate of Purchase or Deed, submit the letter of guarantee along with the check or obtain a receipt for cash, and given any further instructions needed.

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.