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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.
A sheriff's sale is a type of public auction where interested buyers can bid on properties. The homeowner was delinquent on his or her mortgage payments and lost the property to foreclosure. The bank or lender is now in legal possession of the property by a court order. They are trying to sell the property at this foreclosure auction in order to recover the money they have lost on the property. Sheriff sales are usually conducted in individual counties within a state.