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You need to consult with an attorney who specializes in real estate law in your jurisdiction. A person who purchases real property at a sheriff's sale acquires an interest in the property immediately, however, their title may need to be perfectedby a court decree. Also, the debtor may have a right of redemption for a certain period of time.
What else can I help you with?
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.
Is there a difference between and auction and a sheriffs sale?
An auction is voluntary. Sherriff's sale follows a seizure of property.
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 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.
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.
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.
What is a foreclosure under contract?
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
Do you have to remove husbands name from deed to sale property?
He would have to agree to any sale of property that he owns jointly with you, Unless you have a death certificate for him or he gave you a power of attorney document.
Will you be notified when to move after sheriffs sale?
If you cannot pay the creditor and have not made any arrangements with the creditor to remain on the property then you should be prepared to vacate the premises immediately. As soon as the sale takes place there is a new owner and the property is no longer yours. There can be problems with liability and insurance coverage from that moment on and it is not in the buyer's interest that you remain on their property, uninsured.
Is there a way to keep your home after a sheriffs auction?
Yes. You must pay off the debt in full and get a deed from the person who purchased the property at the sheriff's sale. That deed must be recorded immediately.
What can be billed to a deceased's estate?
Expenses of administration. Attorney fees, storage costs, court costs, mileage, executor or administrator's fees, costs of sale of property, etc.
What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
