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.
Potential buyers can find those properties by researching public records for Trustees or Sheriff's Deeds (type of deed issued to buyer at foreclosure by a Trustee Sale or Sheriffs Sale) or from foreclosure information providers like http://www.