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By Josh Barnett | Broker in Oklahoma City, OK

Today's Buyer Question: What is an alias sale?

Buyer Question:

What is an alias sale? We are looking at a house that is on the fifth alias sale and would like to know more about what that is.

 

My Answer:

 

A definition explanation of the "Alias Sale" is:

 

"If the property is not sold at sheriff's sale, but the case has not been settled, the property can be re-advertised for sale. This may happen numerous times if the terms of the sale are not met. The first time a property is re-advertised, it will contain wording that it is an "Alias Order of Sale." If the property is re-advertised a second or third time (or more), it will contain wording that it is a "Pluries Order of Sale." When there is need to re-advertise a property, the process begins as it did originally: with a three-time publication of the notice of the sale."  As per FAQ, The Daily Reporter (http://www.thedailyreporteronline.com/node/2708237).

 

Hope this helps,

 

Josh Barnett, Realtor
Metro First Realty

This content is copyright of Josh Barnett - © Josh Barnett 2007 - 2012.  All rights reserved.

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