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Updated over 7 years ago on . Most recent reply

Aaron Ross's profile image
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Aaron Ross
  • from Williamsburg, Virginia
  • Member since Apr 30, 2014
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Aaron Ross's profile image
Aaron Ross's profile image
Aaron Ross
  • from Williamsburg, Virginia
  • Member since Apr 30, 2014
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Aaron Ross
  • Williamsburg, VA
7
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42
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Buying & Selling Real Estate

Sheriff Sale

Aaron Ross
  • Williamsburg, VA
Posted

What is the difference between a sheriff sale and a foreclosure?

Thank you

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Rich Baer's profile image
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Rich Baer
  • Real Estate Investment Attorney
  • from Kingsville, Maryland
  • Member since Feb 21, 2016
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Rich Baer's profile image
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Rich Baer
  • Real Estate Investment Attorney
  • from Kingsville, Maryland
  • Member since Feb 21, 2016
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
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Rich Baer
  • Real Estate Investment Attorney
  • Kingsville, MD
Replied

@Aaron Ross Here is the Reader's Digest answer.

    Foreclosure: unpaid mortgage is being sold by the Bank or noteholder. If it is a first mortgage the Buyer gets free and clear title. Need title search after the purchase.

    Sheriff Sale: unpaid judicial judgment is being sold. Buyer inherits all liens. Need title search before you purchase so you know what liens and mortgages you are subject to.

Rich Baer, Title Attorney

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