I hope this helps you. Please see the reference below regarding Sheriff Sales in Franklin County. It was found at:http://www.columbussheriffsale.com/learn-how-sheriff-sales-w
When a property owner defaults on their mortgage, the lender files a complaint in the Franklin County Court of Common Pleas. The court then sets a trial date and notifies the owner and all lien holders of the property. These would include any other mortgage holders as well as anyone holding a lien on the property such as a contractor who was not paid.
After a pre-determined amount of time the common pleas judge will issue an order for foreclosure and force the property to be sold at auction. The lender's attorney will now file a praecipe with the court. This is a command that basically directs the sheriff to appraise, advertise and auction the property.
The Franklin County Sheriff's Department will then order appraisals from (3) independent and separate appraisers in order to determine the property's value. The appraisers are not granted access to the inside of the house so the value is based upon an exterior only inspection.
Following the appraisals the sale date for the property will be scheduled. The property will then be advertised for (3) separate weeks in the daily reporter.
After the property has been advertised for 3 weeks, the department can proceed to auction the property off. As mentioned above, these auctions happen every Friday morning at 9:00am in the first floor press room at 373 S High St. Bidding starts at 2/3 of the appraised value of the property. Anyone can bid on the properties. Pre-registration is not required. The sale is then made to the highest bidder. If no one bids the minimum starting bid, the property will not be sold that day. Instead it will be re-evaluated and offered in a future auction at a lower appraised value. If the house is successfully sold, the winner will be required to pay the specified deposit. Usually this is 10% of the sale price but it can be as high as 100%. Following the sale the buyer has 30 days to pay off the remaining balance still due. It is important to note that if the buyer does not pay the property in full within 30 days, the buyer loses their deposit and the property is sold again.