Sales conducted under the authority of a judgment or court order are known as what?

Sales conducted under the authority of a judgment or court order are referred to as Judicial Sales. This process occurs when a court mandates the sale of a property, typically as a result of a lawsuit or other legal proceedings. Judicial Sales often arise in situations such as foreclosure actions, tax delinquency cases, or securities liquidation, where the court intervenes to ensure that the property is sold in a manner that is fair and legally compliant.

In these sales, the buyer is typically buying the property free of most liens and encumbrances, although some may remain depending on the specifics of the case. It provides an efficient means of transferring property ownership under judicial authority, ensuring that the sale is transparent and legally enforceable.

The other options relate to different real estate concepts. Joint Tenancy and Tenants in Common pertain to ownership structures among multiple property owners, but they do not involve sales mandated by court authority. Abandonment refers to the relinquishment of property, which is unrelated to the legal process of selling property under a court order.