Certificate of Sale Law and Legal Definition

Certificate of sale is a certificate issued to the winning bidder at a foreclosure sale. It is a document issued by the court at a judicial sale, entitling the purchaser to receive a deed once the court approves the purchase.

Certificate of sale will be given by the sheriff or other officer conducting a sale under execution. It declares the making of a sale to a designated purchaser and the right of the purchaser to receive a deed from the sheriff or other officer upon presentation of the certificate after the expiration of the redemption period.

A mortgagor has a right to redeem the property at any time before the filing of a certificate of sale by the clerk of the court. [Bankers Trust Co. v. Edwards, 849 So. 2d 1160 (Fla. Dist. Ct. App. 1st Dist. 2003)].

Further, the certificate of sale on mortgage foreclosure remains a lien only, and the legal title to the land does not pass until the issuance of the sheriff's deed. [In re Nelson, 9 F. Supp. 657, 660 (D.S.D. 1935)].