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Dozens of properties changed hands Thursday as the Allen County Auditor’s Office held its foreclosure auction, drawing a packed room of bidders from across the county.
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The National Association of Realtors (NAR) was originally founded as the National Association of Real Estate Exchanges in May 1908. The organization aimed to foster professionalism in the industry at a time when it was not uncommon for some individuals to undermine property sales.
According to the records of the Allen County Recorders Office, the purchase was made last week and the property was bought for $4.5 million.
February 4, 2025, Press Release from the Ohio Department of Commerce, Division of Real Estate and Professional Licensing: COLUMBUS, Ohio — If you receive an unsolicited offer to purchase real estate, the Ohio Department of Commerce’s Division of Real Estate and Professional Licensing (REPL) urges you to practice caution.
Pictured: A home with a red winter hat and red scarf. Winterizing a house concept.
For 6 Lima homeowners, they can put their mortgage payments in the past. New Lima-Housing For The Future honored homeowners becoming debt-free with a mortgage burning ceremony. Starting their organization 24 years ago, they have added 243-affordable housing units for Lima residents. Following these homeowners throughout their journeys is part of what keeps them going.
The Homebuyer Workshop will be held every quarter to help give people the information about what goes into the home buying process.
Buying your own home is the American dream, and the City of Lima is working to make that dream come true for residents. The city is hosting a couple of upcoming workshops. One with NACA, the Neighborhood Assistance Corporation of America, and another with the city regarding their first home loan down payment assistance program. City officials say it's important that people understand what assistance is available to them.
The Allen County Land Bank is back at it, bringing down foreclosed properties to promote redevelopment. The warehouse has been an eyesore along State Route 309, which is Kiracofe Avenue within the village of Elida. The building was built in 1939 and was most recently owned by Douglas P. Fay and housed a construction company. The Allen County auditor says it took months to sort out all the transfers of the property to get the foreclosure complete and get to this day of demolition.
Dozens of property owners are coming out to dispute their new tentative valuation amount with the Allen County Auditor's Office. Informal hearings with the auditor's office started today and continue on Wednesday. Every three years, the state requires that property values be re-evaluated. The amount is determined by what properties around you are going for on the open market. You do have the chance to dispute your new valuation, and you need to bring documentation to back up your case.