One of the major benefits of the confession of judgment is that the lien of the judgment and any proceedings to enforce the lien (for example, a sheriff's sale of the mortgaged property and/or seizure of the borrower's bank accounts) will continue without interruption while any proceedings instituted by the borrower to challenge the judgment are pending.
Once judgment against the borrower is obtained, the lender must comply with specific notice and advertising requirements before a sheriff's sale can be held.
I considered a sale a foreclosure if the transaction is recorded as a sheriff's sale.
At six months after a sheriff's sale, a third of foreclosed homes are in an extended period of vacancy.
Three weeks before her home was scheduled for a sheriff's sale
, Shirley Wilmot, a full-time employee in the manufacturing industry and single mother of two, contacted AHP Ohio for help.
The PLTA lawsuit focused on three areas in which the Sheriff was frustrating parties to judicial sales in Philadelphia, particularly Sheriff's Sales ordered to satisfy mortgage defaults or tax liens.
Concerning processing of deeds and disbursements, the Consent Order specifies performance requirements for the Sheriff's office's handling of the Sheriff's Sales from April 2003 on.
Buyers should pay more for REO homes, which they can inspect, than they would for a home at a sheriff's sale
, where inspections are limited or impossible.