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A public sale of property to the bidder, often referred to as an auction, is a process where real estate or other assets are sold to the highest bidder in a competitive environment. Potential buyers can place bids on the property, and the auction typically takes place in a public setting, allowing anyone interested to participate. This method is often used for foreclosures, estate sales, or to liquidate assets. The highest bid at the end of the auction wins the property, subject to any terms and conditions set by the seller.
What else can I help you with?
What is the public sale property to the highest bidder?
auction
Is property sold to the highest bidder at a trustee sale?
auction
I know that public sale means at auction. What is the definition of the term private sale versus public sale of real property in a will?
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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.
What happens when a leasehold mortgage is foreclosed?
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.
What is the meaning of auctioneer?
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.
What is the summary of judgment and foreclosure sale date in Florida?
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.
Is vertis communications for sale?
yes. quad graphics is currently high bidder.
Does a bidder on a mortagee in possession property have any rights when the mortagee in possession or his agent accepts a lower offer for no cogent and valid reason?
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.
What happens after trustee sale?
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.
Is auction a pronoun or a common noun?
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.
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.
