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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]
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.
A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will not warrant that the property title is free and clear, and it remains up to the grantee to check that the property is not subject to any legal encumbrances. [11]
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 ...
The sheriff also carries out evictions and conducts auction sales of real property in foreclosure and seizures of personal property (chattel) to satisfy a judgment. The Philadelphia Sheriff's Department has indicated its intention to carry out community law-enforcement while continuing its statutory duties.
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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 ...
Iowa will honor any valid permit issued by any other state. Persons do not have to be a resident of the state from which the permit was issued. A Permit To Acquire (PTA), obtained from the sheriff of the county of the applicant's residence, is available to skip the background check before purchasing firearms. [ 5 ]
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