What is a sheriff's sale?

The Sheriff seizes or levies upon property for the purpose of satisfying a money judgment. This is done by liquidating the assets (converting the asset into cash). This is accomplished by holding a "Sheriff's Sale" which is a public auction.

The highest bidder pays his bid price to the Sheriff and takes custody and ownership* of the auctioned property. The Sheriff pays any service providers or vendors who assisted in the seizure (like towing and storage), from the sale proceeds, deducts the various fees and expenses associated with the levy and sale from the proceeds and applies the balance to the judgment.

Show All Answers

1. What is a sheriff's sale?
2. When are sheriff's sales conducted?
3. Where are sheriff's sales conducted?
4. Who can bid at a sheriff's sale?
5. What is the sale format?
6. What are the terms of sale?
7. What exactly is the high bidder purchasing?
8. What documents will the purchaser receive from the sheriff?
9. How does one find out if and when a sale is scheduled?