Sheriff's Sale

(redirected from Sheriffs Sale)
Also found in: Dictionary, Thesaurus, Legal.

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 ?
The evidence supports this explanation, since it is not only lenders that overestimate the value of properties acquired in the sheriffs sale, but all parties, including federal agencies and investors.
In the final round, a group called the East Side Organizing Project helped the couple pull their house out of the sheriffs sale and got them a lower-interest loan.
Fortunately, we no longer sec the "foreclosure crisis" in the news, no more robo signing, no more sheriffs sales, and "the half builts" have mostly been snapped up and arc completed.