Escrow & Title
A Pennsylvania 'sheriff's deed' conveys title to the purchaser at a:
AVoluntary sale by the owner
BCourt-ordered foreclosure sale✓ Correct
CTax sale conducted by the municipality
DPREC-supervised estate sale
Explanation
A sheriff's deed is issued to the purchaser at a Pennsylvania sheriff's sale — the culmination of a judicial foreclosure proceeding. The deed conveys whatever title the debtor had, subject to potential claims, and typically does not carry any warranties.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA 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.
EasementA non-possessory right to use another person's land for a specific purpose.
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