If you identify a property that you believe may be eligible for foreclosure, contact Delinquency Department at the Treasurer’s Office at 937-225-4010 Option 2. We will confirm eligibility. If it is not already slated for foreclosure, a taxpayer may initiate a foreclosure by filing an application for Depositor Foreclosure with the Treasurer’s Office. The foreclosure will be requested in the Treasurer’s own name rather than the depositor.
Depositor Foreclosure can take approximately 9 to 12 months to complete.
A Depositor Foreclosure requires either $2,000 for a residential property, or $3,000 for a commercial or industrial property. If the property is sold to the applicant, the deposit is credited to the sale. If the property is sold to the highest bidder other than the applicant, the deposit is returned to the applicant.
If you wish to start a Depositor Foreclosure process on a property, please fill out this form and return to our office along with your deposit. Instructions are included with the application.
When the case is filed, the depositor is mailed a case number so that they can follow the case online on Public Records Online, or on the Sherriff's Sale List. Properties will be listed under "Treasurer's Tax Sales".
Following the court case, the property will be listed for bid at a Treasurer’s Tax Foreclosure auction through the Montgomery County Sheriff’s Office. Auctions occur at 10am on the first Thursday of every month in the lower level auditorium of the Montgomery County Administration Building.
If the property cannot be sold due to a finding in the title work, the applicant will be refunded the deposit minus the cost of the title work.
If you have any questions about the depositor foreclosure process, please call us at 937-225-4010 option 2 or email our department at [email protected].