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It is an execution of a judicial order (Order for Sale) signed by a Judge ordering the Sheriff's Department (RCPD) to sell a foreclosed property.
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Sheriff sales are held in front of the Riley County Court House on a Tuesday or a Thursday at 10 am. A sworn police officer from Riley County will usually conduct the sale.
Information on the property can be found in your local newspaper well in advance of the sale, also as part of open records this information can be obtained at the Riley County Court House but only if you have the defendant's name. The officer conducting the sale has no information nor can they answer any specific questions on the property being sold.
No, the property is still owned legally by the occupants. You can get whatever information is available through open records either at the Riley County District court or online using Geographic Information Systems (GIS) and inputting the address.
On the day of the sheriff sale (Tuesday or Thursday) at 10 am a sworn officer from the Riley County Police Department will be present in front of the Riley County District Court House main entrance facing Poyntz Avenue. The officer will introduce themself and announce the sale by stating the case number, plaintiff and defendant, and description of property as listed on the court order. The officer will also state the terms for payment either cash, certified/cashier's check, or money order which will have to be paid to the Riley County District court on the day of the sale. The officer will then open the sale up for bidding. The first bid is normally and almost always placed by the attorney representing the bank that has the note on the property. Once this bid is made then others who are present may bid higher if they wish. The officer will close the sale once the best and highest bid has been entered.
The officer that conducted the sale will escort the winning bidder (usually attorney for bank) into the court house and complete what is referred to as a Directors return on sale of property. The attorney will present the return document(s) to the officer and the officer will review it and if it's complete and accurate then he will sign it for the Director of the Riley County Police Department and hand the document back to the attorney. The attorney will then take the return and get it file stamped with the clerk of the Riley County District Court. If a private bidder tenders the highest bid then they will have to coordinate with the attorney representing the bank for return documents. The private bidder will have to make arrangements to pay the amount they bid to the clerk of the Riley County District Court. The private bidder will receive a printed receipt from the clerk reflecting the amount that was paid and the case number that matches the one on the order of sale.
After the sale the following events occur prior to the deed being issued:
If the property is redeemed there will be no deed issued for the property and the clerk of the Court will refund the money paid on the day of the sale. Remember this property is not legally owned by the winning bidder until the deed has been issued and therefore the winning bidder has no right to enter or evict the people occupying the property.