1901 S K St, Elwood, IN 46036
Elwood, Madison County, IN 46036
Debt
$81,442
Property Details
Notes
Indiana sheriff's foreclosure sale conducted by SRI Inc. Any amount shown is the JUDGMENT, not an opening bid -- SRI prints the opening bid as 'Pending' until the sale. Auction at www.zeusauction.com.
Distress timeline
Sources: SRI Incorporated (Foreclosure)
Due diligence checklist
- 01
Pull a title report
Confirm what liens survive the sale. Many tax sales wipe junior liens but not federal IRS or municipal liens. A title company can run this for ~$50-150.
- 02
Drive by the property
Check occupancy, exterior condition, signs of vandalism, neighborhood comps. You won't get inside before the auction in most cases.
- 03
Have funds ready before bidding
Most sheriff/tax sales require payment same-day or within 24 hours via cashier's check or wire. Pre-approval letters are not accepted.
- 04
Run the numbers
Add holding costs (taxes, insurance, utilities), renovation budget, and selling costs to your max bid. A property at 60% of ARV often needs 30%+ in repairs.
- 05
Talk to a real-estate attorney
Distressed sales in IN have rules that vary by county. A 30-min consult before your first auction is worth it.
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Disclaimer: Property data is collected from public county records and may not be fully current or accurate. Always verify information directly with the county before making any decisions.