The powers conferred by this Act upon the Sheriff or other officer to whom any writ of fieri facias against lands and chattels is issued shall extend and apply not only to the estates and interests in land now liable to be taken in execution and dealt with under the said Act, but also to every estate and interest in any lands or hereditaments over which the person against whom such writ is issued has any disposing power which he might, without the assent of any other person, exercise for his own benefit; and every taking in execution, sale, and assignment by the Sheriff of any such estate or interest in accordance with the provisions of this Act, shall be binding as against the person against whom such writ issued, and against all persons claiming under him, and against the issue of his body, and against all persons whom he might, without the assent of any other person, cut off and debar from any remainder, reversion, or interest in or out of such lands or hereditaments.