sheriff's sale

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sheriff's sale

n. an auction sale of property held by the sheriff pursuant to a writ (court order) of execution (to seize and sell the property) to satisfy (pay) a judgment, after notice to the public. (See: levy, execution, writ, forced sale)

References in periodicals archive ?
This pilot program required a judicially supervised "conciliation conference" between the owner-occupant of residential property and the lender or mortgage servicer before the property was eligible for a sheriff sale.
The system must be arranged so that the loan workout specialists can focus their attention on cases that will produce a bottom line loss if a sheriff sale does occur.
Morgan Properties has recently expedited the path to owning the property, claiming the asset through a sheriff sale in an auction process.