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Past Sheriff Sales
Sheriff Sales are the result of a court ordered bank foreclosure for the non-payment of standard monthly mortgages. These sales are scheduled once each month (generally the 3rd Thursday of the month) and are held at the Gibson County Sheriff's Office in the Community Corrections building. These sales should not be confused with "Tax Sales" which are held twice a year by the Treasurer's Office for non-payment of real estate taxes. They are not the same thing.
Sheriff Sales are held at the Gibson County Sheriff's Office Community Corrections building unless otherwise noted. Written and faxed bids are accepted on the day of the sale prior to 10:00 AM. The fax number for faxed bids is 812-385-2814. Properties receiving multiple bids go to verbal bidding beginning at 10:00 AM. All bids are final and irrevocable.
Individuals bidding on these properties must have the funding available on the day of the sale. All bids must be paid IN FULL no later than 3 pm on the day of the sale by certified cashiers check or bank check made payable to the "Sheriff of Gibson County". Letters of credit or other letters of verification are not accepted. All properties sold by the Sheriff's Office by court order are sold "as is". It is the buyers' responsibility to ensure that they are aware of all legalities of such a purchase and in the event they are unsure, it is in their best interest to contact a real estate attorney for advice.
Access to foreclosure locations are on our website and are also advertised in the legal section of the Princeton Daily Clarion, generally on Fridays, beginning approximately six weeks prior to the sale. The full notice of sale is available at the Gibson County Courthouse and also in the newspaper. Notices are also posted in three locations within the township of the real estate (generally the libraries, US post office, town hall).
Buyers of these properties become responsible for outstanding liens. It is the buyers' responsibility to research the property for such liens and also to ensure the legal description matches the common known street address. The Gibson County Sheriff's Office does not warranty the common known street address as it is listed.
In some cases, there are individuals residing in these properties and as a result interested individuals cannot view the inside of the property prior to the sale. It is the responsibility of the purchasing party to file the proper eviction papers through the court system if the residents have not vacated the property. Personal belongings left by the previous homeowner must also be stored by the new purchaser.
Previous Sheriff Sale Results