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Short Sales. Loan Modifications & Foreclosures
Bank of America News
Monday
Jan172011

Sheriff's Sale Defined

The Sheriff's Sale is held at the court house.  Generally, only the representative for the lender who is foreclosing shows up.  If someone else shows up and bids, they have to be prepared to pay with cash or a cashier's check.  The date of the Sheriff's Sale will be set out in the notice served on the occupant of the property and in the notice published in a legal newspaper.  If you are going to cure the default to stop the foreclosure, you should contact the local law firm that is doing the foreclosure.  They can give you the amount necessary to cure the default.  The law firm will be noted on the notice served on the occupant of the property and the notice published in the legal newspaper.