Each state has different rules for this. Here at least there are sheriff sales and master comissioner sales which are essentially the same thing. If you have an unpaid tax bill with a lein on property, or have a court ordered payment that hasnt been received then the property or tax bill is advertised for sale for 2 weeks in the local paper. Then the sheriff or court comissioner sells the item at 10 am on the steps of the courthouse to the highest bidder. If you are the person who has been awarded damages are the high bidder you now posess the property in question and can have the 'former' owner evicted.
I've had to use the provision on occassion to sell horses that people have boarded and failed to pay their bill. It gives me legal title to the animal to then sell as I can.
If its a tax bill or something it pays 12 percent interest from the day you purchase the bill until the property is sold. It usually takes another 2 years or so of legal action to get the property auctioned.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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