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The creditors. Sometimes directly if they are the one causing the action (like a mortgage company foreclosing), and sometimes through a court or committee of creditors, to be disbursed according to some formula and priority of claim. Any excess of the claims and costs is returned to the owner.
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∙ 16y ago
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What is a sheriffs lien?
A sheriffs lien occurs when a person gets in debt and their property or assets are seized. They are then sold by the sheriffs department to repay the debt.
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 it called by when the sales person gets the money of a sale?
Success.
What can be done to avoid a sheriffs sale of your home?
Continue to make payments on your mortgage.
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
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 long do you have to move out after a sheriffs sale?
When there is a sheriff's sale, a person typically has about 3 to 10 days to move. However, length can vary from state to state.
When do you have to move out of a foreclosed home?
when the home gets sold to someone else. the sheriffs office will come evict you.
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.
Can a dealer sue me for money if he repossessed my car?
If the sale price he gets for it doesn't wipe out the amount owed, yes, he can attempt to get the balance from you.
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.
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.
