A Controller’s Deed is a legal document that serves as evidence of property ownership, issued by a governmental unit after the property is sold at a public auction, often as a result of unpaid property taxes.
A foreclosure sale is the public auction of a mortgaged property following the foreclosure of the loan secured by that property. This process is designed to recoup the unpaid loan balance through the sale of the collateral property.
A public auction is a sale in which property or merchandise is sold via a competitive bidding process that is open to the general public. It is often used in real estate to expedite the selling process, especially in cases of foreclosure or hardware sales.
A tax deed is a legal document transferring ownership of a property to a purchaser following a public auction for unpaid property taxes.
