sheriff's sale
Court-ordered property sale
A sheriff's sale is a public auction of property seized by legal authority to satisfy a debt, typically a mortgage default or unpaid taxes.
The sheriff or similar court officer conducts the sale, with proceeds going to creditors.
These sales often offer properties below market value but may come with complications like existing liens: We bought our first house at a sheriff's sale.
- real estateLand and its structures
- public auctionOpen competitive sale event
- writ of executionCourt order authorizing property seizure
- foreclosureLender seizes mortgaged property
- defaultPreset standard option
back taxes · court order · deed · arrears · debtor · secured debt · lienholder · bankruptcy proceedings · bid price · auctioneer · surplus funds · title search · clear title · creditor · competitive bidding · highest bidder · mortgage · reserve price
- forced salesseizure, property seizure, writ of execution, pre-foreclosure, bank-owned
- foreclosureforeclosure auction, foreclosure prevention, foreclosure notice, mortgage default, pre-foreclosure