Property Ownership
What is a 'sheriff's deed' in Idaho real estate?
AA deed issued by the county sheriff for property seized in a drug raid
BA deed issued following a judicial foreclosure sale to the buyer at the court-ordered auction✓ Correct
CA deed requiring notarization by the sheriff
DA deed for law enforcement facilities
Explanation
A sheriff's deed is issued following a court-ordered (judicial) foreclosure sale. It transfers whatever interest the foreclosed owner had in the property to the highest bidder at the sale.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
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