What is a judicial sale deed?
What is a judicial sale deed?
The transfer of title to and possession of a debtor’s property to another in exchange for a price determined in proceedings that are conducted under a judgment or an order of court by an officer duly appointed and commissioned to do so. A judicial sale is a method plaintiffs use to enforce a judgment.
What is the difference between an upset sale and a judicial sale?
If tax sale properties are not sold at either of these two sales, the property then goes on the “repository” list and can be sold by private bid. The upset sale is held every year in the fall. If a property is not sold in this sale, it is sold in the “judicial” tax sale in the spring.
How does an upset sale work?
In an Upset Tax Sale, the property is conveyed to the winning bidder “under and subject to the lien of every recorded obligation, claim, lien, estate, mortgage, ground rent and Commonwealth tax lien not included in the upset price with which said property may have or shall become charged or for which it may become …
What means upset sale?
Before a sheriff’s sale, a lender will carefully calculate its “upset price” – the amount that the lender is owed by the borrower. Usually, the “upset price” is the sum of the outstanding mortgage and any interest and fees and other costs accumulated since the start of the foreclosure process.
What is a tax lien on a house?
A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt. If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
What does sheriff sale mean in real estate?
A sheriff’s sale is a public auction at which property that has been defaulted on is repossessed. The proceeds from the sale are used to pay mortgage lenders, banks, tax collectors, and other litigants who have lost money on the property.
Is Pennsylvania a tax deed state?
Pennsylvania is one of the states that auction off property deeds when back taxes are left unpaid. Because the deed itself is sold at auction, investors take full possession of the property when they’re the winning bidder.
What is a tax claim repository list?
The Repository is a list of properties that have been presented at the Northampton County Upset Sale and Judicial Sale, but remain unsold. All properties are sold pursuant to the Act of July 7, 1947, Public Law 1368, No. 542, as amended, known as the Real Estate Tax Sale Law.
What is repository property?
Properties that have not sold at a Judicial Tax Sale become “Repository Properties” of the County. The goal is to get these properties back on the tax roster; and generating income for the taxing agencies (County, Municipal, and School District).
What is a repository list?
Properties still unsold after the annual, judicial, and bid-off sale are placed in the repository, at which point anyone, with the exception of the property owners, may bid on the property. This is a free and clear sale. A deed is prepared once consent is received.
What are different types of repositories?
There are exactly two types of repositories: local and remote: the local repository is a directory on the computer where Maven runs.
What is a database repository?
The data repository is a large database infrastructure — several databases — that collect, manage, and store data sets for data analysis, sharing and reporting.
What does repository mean?
depository
What is an example of a repository?
A building where weapons are stored is an example of a repository for weapons. An area where there are vast amounts of diamonds is an example of a place where there are repositories of diamonds. A person who has extensive details on his family’s history is an example of a repository of information.
What is another word for repository?
What is another word for repository?
| storehouse | depository |
|---|---|
| bank | cache |
| container | repertory |
| safe | storage |
| storeroom | emporium |
What is the difference between database and repository?
A database is just a place to store data, or an application database is a place to store the data for a particular computer application. A Repository is a database that stores the metadata for Designer objects. The Repository is itself an application database, but it also stores data about (ie.
How do you create a data repository?
Building a Golden Data Repository
- Data as an Asset. Most businesses will have three sources of data.
- Challenges.
- Golden Repository.
- The Importance of Metadata.
- Single Source of Truth.
- Dispersed Data Generation.
- Cloud or On-Premises.
- Own Your Data, Rent the Cloud.
Is database a repository of data?
A repository is a special class of database which is designed to store meta-data, that is, data that describes other data. Any general purpose database software could be used as a repository, but there are some characteristics of meta-data that make it desirable to use a special-purpose tool.
What are the types of data stored in repository?
Some common types of data repositories include:
- Data Warehouse. A data warehouse is a large data repository that brings together data from several sources or business segments.
- Data Lake.
- Data Mart.
- Metadata Repositories.
- Data Cubes.
- Select the Right Tool.
- Limit the Scope Initially.
- Automate as Much as Possible.
What is the purpose of repository?
The main purpose of a repository is to store a set of files, as well as the history of changes made to those files.
What is data integrity and its types?
There are two types of data integrity: physical integrity and logical integrity. Both are a collection of processes and methods that enforce data integrity in both hierarchical and relational databases.
Why is storing data in a central repository advantageous?
Having a central data repository leads to better decisions, higher productivity, greater efficiency and better informed employees. Implementing a central data repository allows businesses to operate at an optimum giving the company a competitive advantage.
What is a central data repository?
A central repository is a collection of stored data from existing databases merged into one so that it may be shared, analyzed or updated throughout an organization. Having all information in a central location allows for the data to be easily organized, analyzed and secured.
What is program data dependence?
The close relationship between data stored in files and the software programs that update and maintain those files. Any change in data organization or format requires a change in all the programs associated with those files.
Which of the following is a disadvantage of using a DBMS?
one of the disadvantages of dbms is Database systems require sophisticated hardware and software and highly skilled personnel. The cost of maintaining the hardware, software, and personnel required to operate and manage a database system can be substantial.
