INSTRUCTIONS FOR FILING A SUMMARY LAND SALE
These instructions are intended as a guideline only
and should not be relied upon as a comprehensive list of duties in filing a
summary land sale.
A filing fee of $125.00 deposit is required at the time
of filing. Please confirm the
amount with the Cashier since filing fees may have changed subsequent to the
publication of this instruction sheet. This
fee must be paid in cash, money order, certified check, MasterCard, Discover,
or American Express. No personal checks
will be accepted.
A summary land sale may be filed when the actual market
value of the entire interest in the real estate is less than $3000.
An Inventory must have been filed by the fiduciary in the
estate before a summary land sales proceeding may be initiated.
The entire interest of the real estate must be in the
estate seeking to sell the real estate (no fractional interest).
1. Prepare Complaint, have Complaint reviewed by magistrate assigned to the companion case before
filing with cashier and paying costs. R.C. 2127.10 and 2127.11 plus 2127.02 (debts), 2127.03 (legacy)
or 2127.05 (guardian).
2. File written request for service and copies of complaint with Issue Desk (if service is required). R.C.2127.12 or R.C. 2127.13
Under the present statute, when the actual market value of the interest in the real estate to be sold is less than $3000.00, the service of summons, appraisal, and additional bond shall be waived. (If there are any lien-holders listed as party defendants, they must be served.)
3. File Entry Finding Summary Sale Necessary and Authorizing Private Sale. The Issue Desk will prepare
the order
for private sale. (You must provide
a legal description of the real estate to the Issue Desk.) You must pick up this Order at the Issue
Desk.
Magistrate
will affix red stamp to the Entry.
4. Return Order for Private Sale to cashier when completed.
5. File Application to Confirm Summary Sale and Entry Confirming Sale and Ordering Deed.
R.C. 2127.35.
NOTE: Entry must
include gross proceeds, terms of sale (cash), and attach a copy of the proposed
closing statement itemizing all
proposed disbursements.
C.P.Sup.R.65(C).
6. Obtain cost
statement from cashier prior to closing.
7. File Entry Ordering Distribution of Proceeds of Private Sale. R.C. 2127.38.
8. Pick up checks from cashier.