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A Sheriff's sale usually is to sell off property that has been seized by a large judgement against someone or a repossession that has taken place.
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What is types of accounting?
In Accounting, there are two types. There is Cash Basis Accounting and Accrual Basis Accounting. With Cash Basis, transactions are considered to have happened when cash is exchanged, ie. a cash sale or cash payment. In the Accrual Basis, transactions are considered when the event happens. For example, a sale happens when an invoice is given. A debt happens when a bill is received.
What happens when sheriff pays more than what is owed at sale?
money will go to the person buying the home
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
What happens to the first Deed of Trust when the second is in foreclosure?
SInce the first is in a superior position, nothing happens to the first. Any purchaser at the foreclosure sale would then have to pay off the first deed of trust.
What happens if no one bought your home at the sheriff sale?
the bank usually buys it back and than you have to reclaim it and if you don't, they will start eviction process.
Is there a difference between and auction and a sheriffs sale?
An auction is voluntary. Sherriff's sale follows a seizure of property.
What can be done to avoid a sheriffs sale of your home?
Continue to make payments on your mortgage.
What is a sheriffs sale?
A sheriff's sale is a sale which is held when property is seized as the result of a judgment against someone. The property is held by the sheriff and can be sold after notice is given to the public.
How long do you have to move out after a sheriffs sale?
When there is a sheriff's sale, a person typically has about 3 to 10 days to move. However, length can vary from state to state.
What does recalled in a sheriffs sale mean?
Recalled in a sheriff's sale means that the sale has been canceled or rescheduled for a later date. This could happen for various reasons, such as errors in the legal process or unresolved issues with the property.
How much time if any do you have to leave the property after a sheriffs sale we live in Toronto ON Canada.?
In the state of Ohio you have 30 days to vacate the property after a sheriff's sale. If you don't you can be charged with criminal trespassing.
What does the term sold for costs mean at a sheriffs sale?
That means there will be other costs (legal and technical) and interest added to the original debt for which the property was siezed.
How can you buy a property at a sheriffs sale?
A sheriff's sale is a public auction of property seized by law enforcement. Typically, a down payment of 10 percent is required at the time of the auction, with the rest due within 30 days.
How do you use the word sheriffs in a sentence?
The sheriffs patrolled the streets to ensure the safety of the community.
Can a deputy conduct a sheriff sale?
A "Deputy" Sheriff operates under the Sheriffs constitutional authority and if among his assigned duties is the authority to conduct sales... yes.
What is a sheriffs lien?
A sheriffs lien occurs when a person gets in debt and their property or assets are seized. They are then sold by the sheriffs department to repay the debt.
What is the plural possessive case for sheriff?
The plural form of the noun sheriff is sheriffs. The plural possessive form is sheriffs'.example: All sheriffs' training and qualification is done at the state level.
