Judicial Sale (Noun)
Meaning
A sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation.
Classification
Nouns denoting communicative processes and contents.
Examples
- The bank initiated a judicial sale to recover the debt owed to them by the defunct business.
- The notice of judicial sale was published in the local newspaper to inform the public of the upcoming auction.
- As the sheriff conducted the judicial sale, several bidders competed for the foreclosed property.
- Despite the owner's efforts to block the proceeding, the court allowed the judicial sale to proceed as scheduled.
- Following the judicial sale, the buyer received a sheriff's deed for the purchased property and assumed ownership.