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What Is a Notice of Sale?

A Notice of Sale is an important legal document that informs the public of a real estate transaction. It provides details on the property being sold and who will be responsible for the sale. This document is typically filed with a local county or municipal clerk's office in order to register the sale. The Notice of Sale must include the name and address of both buyer and seller, as well as any applicable taxes, liens, or other financial obligations associated with the sale.

The Notice of Sale serves several purposes: it informs potential buyers that a property has been sold; it provides information to creditors who may have an interest in collecting payments from either party; and it allows government agencies to collect sales tax from real estate transactions if applicable. Most states require that all parties involved in a real estate transaction sign this document before transferring ownership rights over to the buyer.

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