pix_ie13 (pix_ie13) wrote in thequestionclub,
pix_ie13
pix_ie13
thequestionclub

Sheriff sale

My fiance and I are looking for a house. We went through one the other day that the realtor said we needed to act kind of fast if we are interested in the house because it is going to be reposesed and go to a Sheriff's Sale.

That leads to my question: What exactly is a Sheriff's Sale and why is it going to go to a Sheriffs sale. It is a nice house, but if we put an offer on the house and they accept that means the bank gets money but if it goes to the Sheriffs Sale then the bank doesn't get any? Or am I wrong.
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