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1. www.auction.com › blog › what-is-a-sheriff-sale-5What Is a Sheriff Sale? 5 Things You Need to Know

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   Jul 29, 2024 · A sheriff sale is a public auction at which property that has been defaulted on and repossessed, is sold by court order. The proceeds from the sale are used to pay mortgage lenders, banks, tax collectors, and other litigants who are owed money for the property. Find Foreclosure Homes. Deal-seeking investors and homebuyers go to a sheriff sale ...

2. www.thebalancemoney.com › what-is-a-sheriff-s-saleThe Basics of a Sheriff's Sale or Foreclosure Auction

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   Jun 12, 2024 · A sheriff sale is a public auction where properties repossessed due to mortgage foreclosure, tax delinquency, or other legal reasons are sold to the highest bidder. These sales are typically conducted by the county sheriff's office, thus the name sheriff's sale. Buyers can often find properties at below-market prices, but they should be aware ...

   • Author: Erin Eberlin

3. www.investopedia.com › terms › sWhat Is a Sheriff's Sale? When It's Used, Process, and Proceeds

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   Apr 29, 2024 · A sheriff’s sale is a public auction at which property that has been repossessed is sold by court order in order to compensate unpaid creditors. The proceeds of the auction are used to pay ...

4. www.realtor.com › advice › buyWhat Is a Sheriff's Sale? Yes, Your Local Law Enforcement Is ...

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   Oct 4, 2019 · A sheriff’s sale is an auction held by local law enforcement in which it sells off properties that have been repossessed, according to Denise Supplee, operations director at SparkRental. “When ...

5. www.fool.com › terms › sWhat Is a Sheriff's Sale? | The Motley Fool

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   Sep 24, 2024 · A sheriff’s sale is a type of real estate auction where a property that has been repossessed is auctioned off as part of a court-ordered process to clear up judgments against the prior owner of ...

6. fastercapital.com › content › Sheriff-s-Sale--TheSheriff's Sale: The Sheriff's Sale and Your Rights in ...

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   Jun 19, 2024 · A Sheriff's Sale is a court-ordered public auction of a property to satisfy a judgment debt. The sale is conducted by the sheriff of the county where the property is located. The sale is typically conducted in a public place, like the courthouse or a public park, and is open to anyone who wants to bid on the property.

7. People also ask

   What is a sheriff sale?

   • A sheriff sale is a public auction at which property that has been defaulted on and repossessed, is sold by court order. The proceeds from the sale are used to pay mortgage lenders, banks, tax collectors, and other litigants who are owed money for the property. Find Foreclosure Homes

   What Is a Sheriff Sale? 5 Things You Need to Know

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   Can you buy a house at a sheriff's sale?

   • Buying foreclosed property, including houses, at a sheriff’s sale is one way to get a great deal on an investment property. A sheriff sale is a public auction where properties repossessed due to mortgage foreclosure, tax delinquency, or other legal reasons are sold to the highest bidder.

   The Basics of a Sheriff's Sale or Foreclosure Auction - The Balance

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   What happens if a Sheriff Sells a property?

   • Properties purchased at a sheriff sale are sold as-is and it is up to the buyer to conduct their own due diligence on the properties they bid on. Buyers may want to purchase title reports on properties they are interested in to find out if the property has any title issues that may survive the foreclosure sale.

   What Is a Sheriff Sale? 5 Things You Need to Know

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   What is the difference between a foreclosure auction and a sheriff's sale?

   • In general, a foreclosure auction is held when the property is being sold directly by a bank or other lender who has seized property for non-payment, while a sheriff's sale is part of a court-ordered process to satisfy legal judgments against the former owner of the property.

   What Is a Sheriff's Sale? When It's Used, Process, and Proceeds

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   Where does a sheriff's sale take place?

   • Sales typically take place in the sheriff’s office or at the county courthouse. In some areas of the country, they're conducted on the front steps of the courthouse rather than inside. A sheriff's sale is open to the public. Lenders sometimes attend or send a representative to bid to try to buy back their own property.

   The Basics of a Sheriff's Sale or Foreclosure Auction - The Balance

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   Is a sheriff's sale open to the public?

   • A sheriff's sale is open to the public. Lenders sometimes attend or send a representative to bid to try to buy back their own property. This move by the lender is permitted. One thing to note: Generally, everyone must have certified funds available before they can bid on a property.

   The Basics of a Sheriff's Sale or Foreclosure Auction - The Balance

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8. www.supermoney.com › encyclopedia › sheriffs-saleWhat Is a Sheriff's Sale? When It's Used, Process, and ...

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   Mar 19, 2024 · A Sheriff’s sale is a public auction of real estate or property that has been seized by the local government due to delinquent taxes, mortgage defaults, or other types of legal judgment. The sale is conducted by the county Sheriff’s department and is open to the public. The proceeds from the sale go towards paying off the outstanding debt ...