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Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the ...
In this "power-of-sale" type of foreclosure, if the debtor fails to cure the default, or use other lawful means (such as filing for bankruptcy to temporarily stay the foreclosure) to stop the sale, the mortgagee or its representative conduct a public auction in a manner similar to the sheriff's auction.
Judicial foreclosure is a standard procedure nationwide, but certain states (listed below) only allow this approach and don’t permit other types of foreclosures. Power of sale: A power of sale ...
Ocean County will end a standoff with the state and resume its sheriff's sales beginning Sept. 3, even as investors continue to cry foul over a new law they say opens the door to fraud, hurts ...
A bargain and sale deed is especially used by local governments, fiduciaries such as executors, and in foreclosure sales by sheriffs and referees. [citation needed] The fact that it comes without any warranties from the government means that the new owner may not have a good title.
Other Oklahoma sheriffs also plan put foreclosure sales online, Bid4Assets said. Oklahoma County sheriff's sales are held every other Tuesday at 10 a.m. online only.
Foreclosures are handled differently in each state. In some jurisdictions, foreclosures go through the courts ((known as judicial foreclosures). In others, these matters are handled outside of the ...
The actual sale typically completes a non-judicial foreclosure. The highest bidder at a trustee's sale gets title to the property; if no one bids, the title to the property keeps with the foreclosing mortgage lender. A valid foreclosure requires the following documents to be successful: Record vesting current owner