auction
auction
A person who sells by auction; a person whose business it is to dispose of goods or lands by public sale to the highest or best bidder., To sell by auction; to auction.
The mortgagor's interest in the lease will be sold at a public foreclosure sale to the highest bidder. The winning bidder will then have the right to occupy the subject premises under the mortgagor's lease, for the remainder of the lease term. The ownership of the premises will not change. The foreclosure sale proceeds will be paid to the Sheriff, who will deduct his fees, with the balance of the sale price paid to the foreclosing mortgagee.
The word 'auction' is a common noun, a general word for a public sale in which goods or property are sold to the highest bidder; a word for a thing.A pronoun is a word that takes the place of a noun in a sentence.The pronoun that takes the place of the noun 'auction' is it.Example: The auction is on Saturday. It starts at ten.
In Florida, a judgment is a court ruling that confirms a debt owed by a party. A foreclosure sale date is set when a property owner fails to repay a mortgage, and the lender seeks to sell the property to recover the debt. This process allows the lender to auction the property to the highest bidder in order to satisfy the outstanding mortgage debt.
After a trustee sale, the property is typically sold to the highest bidder, which may be the lender or another buyer. The new owner receives a trustee's deed, transferring ownership. If the borrower still occupies the property, they may face eviction proceedings. Additionally, the borrower might be liable for any remaining mortgage balance if the sale price was less than the owed amount.
Probably not. If the property had been offered for by the government in satisfaction of a tax lien, the absolute highest bidder would have been the winner (subject to redemption clauses, of course) but if it was a private sale, there may be other factors entering the negotiations that you may not be aware of. If you wish to insitigate a civil suit, you would have be able to prove that the sale was fraudulent or a sham.
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I have invented a new word that is too good to give away so I'm going to offer the word for sale to the highest bidder. "Did you know that the cookie family is having a yard 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.
You can alays put your vehicle up for sale at www.ebay.com,and let the highest bidder in. Placing a free classified ad on craigslist.org,is another way to sale your vehicle online.
The standard practice seen in a livestock or fine arts auction today in which the highest price bid at auction obtained the property. In other words, the product was sold to the highest bidder. The second type was more of a wholesale auction which was used to rid the slaver of any excess inventory or damaged goods. This was referred to as a Grab and Go auction. It was more of a fire sale or going out of business sale.