Sheriff's Sale

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Sheriff's Sale

An auction to sell private property that an authority has seized in order to pay a judgment. For example, suppose a man is found guilty of managing a Ponzi scheme. If he lacks the cash to repay the persons he defrauded, his house may be seized and later sold at a sheriff's sale.
References in periodicals archive ?
But, rather than give up at this point, the loan workout specialist can be working on a parallel line to formulate a pre-foreclosure plan while the case is proceeding to a sheriff sale.
Bessler further stated, "We are pleased to see that most of the loans reported are through the legal system and are scheduled for sheriff sales within the next quarter.
com) e-commerce provider of sales and repossess databases of sheriff sales, bank inventory, legal news, and other property related information.