Sheriffs Deed


Definition of "Sheriff's deed"

Ali Abree
Ali Abree Re/Max Gold Coast Realtors

Title to property being given under a court order because the original owner failed to pay the mortgage payments and/or real estate taxes. A judgment in a lawsuit may also have forced the original owner to lose the property in order to pay damages. The deed is often associated with a foreclosure.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Sheriff's Sale

Foreclosed property is sold via a sheriff's deed. The amount received is used to pay the balance of any obligations against the owner or real estate. ...

Bilateral Contract

Legal agreement between individuals who both agree to do or not to do some act. ...

Section 8 Housing

Federal program in which the U.S. government subsidizes much of the rent paid by low-income people. It applies to rentals of privately owned apartment ...

Merger

Combination of two or more real estate brokerages into one, with only one company retaining its identity. Typically, the larger of the two companies i ...

Property Line

Legal boundary of property. ...

Discharge Of Lien

An order withdrawing a property lien after a claim is paid by other means. ...

Popular Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the principal and a certain amount to the interest. ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restrict ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons 3 tips to ensure your sale goes through Getting Ready to Sell? Don't make these DIY Mistakes! Build or Buy? That’s the Big Question How To Get A Loan with Bad Credit

FAQ

What is an escrow officer? What does an appraisal mean? What are discount points? What is a broker? What is a Buildable acre?