Sheriff's 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 had no choice but to request a sheriff's sale to recover the debt from the delinquent homeowner.
- After the foreclosure, the property was put up for auction at a sheriff's sale to the highest bidder.
- The sheriff's sale was advertised in the local newspaper for three consecutive weeks as required by law.
- The homeowner tried to stop the sheriff's sale by filing for bankruptcy, but it was too late.
- The proceeds from the sheriff's sale were used to pay off the outstanding mortgage balance and other creditors.