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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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