2006-11-16 05:17:37 · 4 answers · asked by jm_collision 1 in Business & Finance ➔ Renting & Real Estate
Generally used when a property is sold at auction by a court order, either as a result of a judgement in a lawsuit being executed against the property, or a tax sale.
Basically it's a limited warranty deed.
2006-11-16 05:20:32 · answer #1 · answered by open4one 7 · 1⤊ 1⤋
This is where a foreclosure has occured, the local sheriff has gone out and taken posession of the property and then it is sold to the highest bidder at auction. There are limits, and sometimes leans or problems with that title that follow the property.
2006-11-16 05:36:00 · answer #2 · answered by Anonymous · 1⤊ 0⤋
It's the title issued as a result of a judicial sale i.e. foreclosure. They are also known as sherrif sales.
2006-11-16 06:15:41 · answer #3 · answered by boston857 5 · 1⤊ 0⤋
property that is sold at auction by a court order
2006-11-16 13:17:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋