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When the entity (in the US, typically a county sheriff or designee) auctions a foreclosed property the noteholder may set the starting price as the remaining balance on the mortgage loan. However, there are a number of issues that affect how pricing for properties is considered, including bankruptcy rulings.
In the United States, public auctions to satisfy judgments are usually conducted under the authority of the sheriff of the county or city in which the property to be auctioned was seized pursuant to the judgment, and an auction held for such a purpose is also called a sheriff's sale or sheriff sale. [5] [6] [7]
Ocean County has 51 properties listed for sheriff's sales, although 18 have been adjourned to a later date or postponed. It isn't clear if other counties have followed Ocean County's lead and ...
Kohan also owes almost $5 million in back taxes on the property. [101] Lycoming County Water and Sewer Authority again placed Lycoming Mall on the May 2022 sheriff's sale list due to unpaid bills. [102] Kohan paid almost $300,000 in unpaid bills and fees to avoid the sheriff's sale. [103]
No more in-person Oklahoma County sheriff's sales. The first-ever sheriff's online auction of foreclosed properties launches Tuesday, with two homes offered in Oklahoma City.
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
Heritage Property Management of Cedar Rapids took over management of the mall at the time. [9] In December 2006, General Growth Properties (owner of Coral Ridge Mall) took over the leasing duties for the mall. Westdale was sold to Cedar Rapids Properties, Inc., in a sheriff's sale on July 10, 2007. [10]
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related to: buying property on sheriff auction in iowa countybankforeclosureslisting.com has been visited by 10K+ users in the past month
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