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Can I sell the property that I purchased from the sheriff's sale?
Wiki User
∙ 13y ago
Of course. Even one second after.....even before buying it actually!
ClarificationThe title acquired by virtue of a sheriff's deed does not convey clear title and is not always marketable. A sheriff's deed conveys any interest a person may have in the property and does not warranty that the debtor has any interest. Generally, something more needs to be done to perfect the title acquired by a sheriff's deed. There may be a long period of redemption in the debtor which can affect the value and title.In Massachusetts that period is 20 years. In that case, the title must be cleared by a court decree barring the debtor's right of redemption. You need to check with an attorney who specializes in real estate law in your jurisdiction who can explain the laws that apply.
One easy rule to remember is that you can't sell property you don't own. That means you need to acquire the title to property before you have the right to sell it. Then, you need to perfect your own title to the premises before you can convey clear title to any third party. Generally, a lender will not loan money for land acquired by a sheriff's deed but state laws differ.
Wiki User
∙ 13y ago
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This property is for sale sell --choose correct form of verb?
The correct form of verb of the sentence "This property is for sale, sell" is "sale".
What are your heir rights to property initially purchased by your great grandmother when there are 9 other heirs that want to sell?
You will receive 1/10 of the proceeds of the sale. Or you can buy the others out for 9/10 of the value of the property.
Can 1 person sell a home if 2 people are on mortgage but 1 signed over the deed?
The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.
What happens to the property if a property does not sell at the auction or Trustee's Sale?
If a home does not sell at auction it goes back to the trustee....(The bank / Lender). Typically the property transfers back at the starting bid...so in actuality it did indeed sell.
What is a deed under power of sale?
Power of sale is a clause that can be put in a deed allowing the lender to sell a property if the owner defaults on the loan. When this clause is present a borrower can sell the property with minimal notice and foreclose without court interference.
Where can one sell their house and the rent it back?
One can sell their house and rent it back from the following companies: Rent back expert, Nihe, Market watch, Land property - finder, for sale by owner, Quick sale, Repossession, Buy sell property fast, to name a few.
How can I best sell my timeshare?
There are various ways to sell a timeshare such as contracting the services of a local realtor, publishing a sale ad in the newspaper or even listing your timeshare for sale on ebay! Either way the more you advertise the sale of your property the more likely it is to sell!
What is an estate sale of real estate?
An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.
If someone quitclaimed their property to their wife can they sell the property without her permission in Colorado?
In Colorado, the spouse who received the property through a quitclaim deed can generally sell the property without the other spouse's permission if they hold the title solely in their name. However, it's important to review the specific circumstances of the quitclaim deed and consult with a legal professional to fully understand the rights and obligations related to the property.
Can husband sell jointly owned real estate without his wife's signature in Missouri?
Of course not. If the property is owned by husband and wife only the wife can consent to the sale of her share. The husband can only sell his own interest and not his wife's.Of course not. If the property is owned by husband and wife only the wife can consent to the sale of her share. The husband can only sell his own interest and not his wife's.Of course not. If the property is owned by husband and wife only the wife can consent to the sale of her share. The husband can only sell his own interest and not his wife's.Of course not. If the property is owned by husband and wife only the wife can consent to the sale of her share. The husband can only sell his own interest and not his wife's.
What are the short sale ramifications?
A short sale incurs a loss for the bank or other institution that extended the loan to the homeowner. Therefore, the homeowner must negotiate the terms of the sale with the bank before attempting to sell the property. There are a variety of consequences for the owner of a short-sale property.
What is the foreclosure sale date?
it means giving date by court to lender property is going to sell or date is given by when property is going to bet
