Property Foreclosures

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Foreclosure of Property

  • Circuit Clerk will offer to the public property designated by the Circuit Court to sell at auction.
  • Circuit Clerk will sell the designated property to the highest bidder.
  • All sales will be in the Quorum Courtroom at the Washington County Courthouse on the second floor.
  • Bidders must qualify under the TERMS OF SALE as prescribed by the law.
  • The TERMS OF SALE are:
    • The purchaser will pay the full purchase price the day of the sale; or
    • Pay 10% of the purchase price, non-refundable, with the balance due to the Commissioner, plus 10% interest per annum from sale date until paid, within three (3) months (unless otherwise specified) from the sale date.
  • Prior to the sale, any individual who desires to bid on the real estate shall inform the Commissioner that he/she will pay the full purchase price of the real estate in cash or shall present a letter of credit or a bond as required by law to the Commissioner and shall receive pre-approval by the Commissioner to secure the payment of the remainder of the purchase price within ninety (90) days (unless otherwise specified). The Commissioner shall retain a lien on the real property until the balance is paid in full.

The Letter of Credit shall

  • Be on letter head of the Lending Institution
  • Have the current date
  • State the amount of money available to the bidder
  • Not state contingencies such as: “Will loan money if certain contingencies are met."

Doe Lending Bank
(Letter Head)

Current Date

RE: John Smith (Borrower's Name)

To Washington County Circuit Clerk, Kyle Sylvester

Please be advised that Doe Lending Bank has made a commitment to John Smith to purchase property being sold on (date of sale). This commitment is good for the purchase price of up to $200,000.00.

Signed

 

Foreclosure Sale Guidelines

  • The Circuit Clerk’s office does not perform title/lien searches.
  • The individual interested in designated properties needs to complete title/record search on their own or hire a title company to perform a title/lien search.
  • Property is sold as is with no warranty.
  • The Circuit Clerk’s office, Circuit Clerk or member of the clerk’s staff does not provide legal advice regarding property designated for sale.

Foreclosure Sale Schedule

November 20, 2018 

10:00 a.m.       72CV-18-2489            20420 Honeysuckle                     Springdale, Ar.  

November 27, 2018 

10:00 a.m.       72CV-17-1037            1908 Dick Smith Lane                  Springdale, Ar.

December 11, 2018

10:00 a.m.        72CV-18-1548            504 Harness Lane                        West Fork, Ar.

                                                                December 25, 2018

                                                                   Merry Christmas

                                                                    January 1, 2019

                                                                    Happy New Year

January 8, 2019

10:00 a.m.        72CV-17-148              17125 Primrose Lane                  Fayetteville, Ar.

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