Sheriff's Deed


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Sheriff's Deed

A document giving ownership rights in property to a buyer at a sheriff's sale (a sale held by a sheriff to pay a court judgment against the owner of the property). A deed given at a sheriff's sale in fore-closure of a mortgage. The giving of said deed begins a Statutory Redemption period.

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The Pennsylvania transfer tax statute exempts the lender from the tax if it is the successful bidder at the sale and the grantee on the sheriff's deed.