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An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. While there are many considerations when negotiating the type of transaction, tax implications and potential liabilities are the primary concerns.
Once approved, on a specified date the property is put up for auction. The Sheriff sale is then conducted by an official of the county or city government, usually the Sheriff, although laws vary state by state. A Sheriff sale may include homes or commercial property. A sheriff sale is different from a Sheriff tax sale. The difference is, a county government may impose a tax lien on a property that is delinquent on property taxes. After sufficient notices or warnings from the governing entity, the property may be seized by the governing entity and sold at auction or a tax deed sale for the amount of taxes owed.