The sheriff will conduct the sale at the courthouse and the property will be sold to the highest bidder. The property must be sold at a price not less than two-thirds of the average value of the three appraisals. The court will then review the sale, and file an order confirming the sale.
The sheriff then prepares and issues a deed transferring ownership to the winning bidder. Redemption Rights. The borrower may redeem the property at any time before the court confirms the foreclosure sale by paying the amount of the judgment, plus costs and interest.