Marshals Deed Law & Legal Definition
Often, property that is involved in a mortgage foreclosure is subject to being sold at a marshal's sale. The property being foreclosed upon is transferred to the successful bidder or purchaser by means of a marshal's deed. The marshal's deed is a device to transfer ownership from the defaulting owner.
All sales are "as is", and no warranties are expressed or implied. The marshal's office does not guarantee a clear title to any property. Generally, the debtor has the right of redemption of the property until confirmation of sale is signed by the judge and filed by the court. Specific requirements, such as applicable marshal's fees vary by jurisdiction, so local law should be consulted for specific requirements in your area.
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