In land sales proceedings, the Court will require a preliminary and final judicial report pursuant to ORC Section 2329.191.
In land sales proceedings, the Court shall appoint one suitable and disinterested person as appraiser. Compensation for such appraiser shall be determined by the Court.
Rule 65 of the Rules of Superintendence for the Courts of Ohio shall be followed.
Counsel shall furnish to the Court a certificate of assurance that all sales proceeds have been properly distributed in accordance with the closing statement.
All land sales that have not been concluded within nine (9) months from the date of filing shall be set for a status conference. A written status report shall be filed at least seven days prior to such status conference.
Attorney fees for real estate sold by judicial proceedings shall be collected and paid into the Court as costs from the net sales proceeds. The guideline fee for attorney compensation shall be set by the Court as follows:
The first $10,000.00 of the purchase price at the rate of 6%, the next $40,000.00 at a rate of 4%, and all above $50,000.00 at the rate of 2%.