What You Need to Know About Sheriff's Sales in Delaware
Make sure you know what you are buying when you are purchasing a home at a sheriff's sale.
- Are you buying a first mortgage or a second mortgage?
- Are you purchasing all liens on the real estate property?
- Were all real estate lien holders notified?
- Has the property been independently inspected?
Brian Murray, Attorney at Law answers your real estate questions in a free attorney consultation. Call 302-724-6082 or 866-920-8379 or e-mail our Newark office.
Capable, Knowledgeable and Experienced Legal Counsel
Our firm's founding attorney, Brian T. Murray has spent his entire legal career in real estate. We use that knowledge to help you maximize your investment.
At a sheriff's sale, you can find great deals on real estate. The caveat here is that the sheriff's sale procedure must be done in the proper fashion.
Appropriate notice of the sheriff's sale must be provided to lien holders against the property. If the notice of the sale did not comply with state due process requirements, the lien holder may have a valid claim to contest the sheriff's sale. It is important to understand the issues surrounding notice and due process in a sheriff's sale to protect your interests.
You must also understand your responsibility as it pertains to first and subsequent mortgages against homes sold at a sheriff's sale. It is important not to wait until the day of the sale to find out about a mortgage against the property in question.
Involve a Lawyer Early On in the Process
Our law office will do a title search to find liens and mortgages and make sure that a survey of the property is executed properly.
Experienced Working With Foreclosure Investors
We work with many foreclosure investors, many of them are longtime clients. We have an understanding of the issues that may arise in a sheriff's sale and can anticipate and help investors avoid future problems.
Finally, it is important to consider the potential difficulty of getting the occupants of the home to leave after the redemption period. After a sheriff's sale, the law affords the former owner up to 90 days to redeem ownership of the property. It is important to understand the rights of owners after a sheriff's sale in order to protect your interests. We will explain the redemption process, and what you need to do to evict unlawful occupants after this period expires.
We will answer your questions, whether you are first-time investor or a seasoned real estate investor.
Call us at the law firm of Brian Murray, Attorney at Law at 302-724-6082 or 866-920-8379 or e-mail us to schedule a free initial consultation.
