What Is a Sheriff’s Sale?
A Sheriff’s Sale is a public auction of property that has been taken into possession by the local county sheriff. It can occur as a result of a court order or when a lender holds an unpaid mortgage on the property.
The purpose of the sale is to satisfy any debt owed on the property, including delinquent taxes and outstanding mortgages. At the sale, bidders compete to purchase the house or other real estate and submit sealed bids with their offers. The highest bidder at the auction will be awarded ownership of the property and must pay for it in full within 24 hours after they win it. Any unpaid mortgage balance will also be paid off at this time from these funds.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or the visiting us at 12738 Ramona Blvd Baldwin Park CA 91706