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Mortgage Professor about county sheriff sale: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Which Site's Costs Do You Believe?
September 18, 2000 "I just compared fixed-rate mortgages on two different internet shopping sites. Their fees were the same except that site A listed something called a state tax stamp for $7120. Otherwise, A offered the better deal. Site B mentioned only a $25 state ... more... Housing Affordability: Why the Differences? January 4, 1999 "My financial planner said I could afford to spend $250,000 for a house, my real estate broker said $280,000 and a calculator I found on the internet said $295,000. How come these large differences?" The affordability calculation is fairly complex ... more... |
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county sheriff sale related definitions |
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Sheriff Sale
Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more... Tax Sale Tax Sale Property on which current county taxes have not been paid is "sold to the state." At this stage no actual sale takes place - the title is transferred to the state and the owner may redeem it by paying taxes, penalties and costs. If it has not been redeemed ... more... |
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