A "Sheriff's Sale" is a foreclosure sale in the jurisdictions where Sheriffs are charged with that responsibility... some jurisdictions use a Trustee to supervise a Trustee's Sale (not to be confused with a Bankruptcy Trustee).
Simplistically, there are preforeclosure sales(before the foreclosure auction), foreclosure sales( the sale that forces the change of ownership), and REO sales (former lenders/corporate owned real estate sale).
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Also on this SHerrif's sale it does not show what the amount of the judgment is. How do I find this out or does this mean that the bid can start out at any amount?
in my state, you would check the file with the Prothonotary's Office (equivalent to clerk of civil courts). there would be several documents filed indicating how much the bank's 'upset' bid amount is, along with cost sheets. there also is a notice to all other lien holders of the sale so you can see what else is against the property.
In power of sale states the trustee conducts the sale for the lien holder. Generally Sherrifs sales in my county are those that have to do with taxes unpaid where they are selling the property to satisfy them.
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A "Sheriff's Sale" is a foreclosure sale in the jurisdictions where Sheriffs are charged with that responsibility... some jurisdictions use a Trustee to supervise a Trustee's Sale (not to be confused with a Bankruptcy Trustee).
Simplistically, there are preforeclosure sales(before the foreclosure auction), foreclosure sales( the sale that forces the change of ownership), and REO sales (former lenders/corporate owned real estate sale).
[addsig]
Also on this SHerrif's sale it does not show what the amount of the judgment is. How do I find this out or does this mean that the bid can start out at any amount?
in my state, you would check the file with the Prothonotary's Office (equivalent to clerk of civil courts). there would be several documents filed indicating how much the bank's 'upset' bid amount is, along with cost sheets. there also is a notice to all other lien holders of the sale so you can see what else is against the property.
In power of sale states the trustee conducts the sale for the lien holder. Generally Sherrifs sales in my county are those that have to do with taxes unpaid where they are selling the property to satisfy them.
[addsig]