Search results for: “sale”
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Distress Sale
Concept of Distress Sale in the context of Real Property A short definition of Distress Sale: A sale of property when the seller is under extreme pressure to sell. Generally the property is sold for less than market value.
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Confirmation of Sale
Confirmation of Sale in the context of Real Property See: Order Confirming Sale in this legal Dictionary.
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Confirmation of Sale
Confirmation of Sale in the context of Real Property See: Order Confirming Sale in this legal Dictionary.
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Adjusted Sale Price
Concept of Adjusted Sale Price in the context of Real Property A short definition of Adjusted Sale Price: An appraisal term used when a comparable property’s sale price is adjusted to reflect the value of the subject property. The adjustment is made based on the differences between the […]
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Pre-foreclosure Sale
Concept of Pre-foreclosure Sale in the context of Real Property A short definition of Pre-foreclosure Sale: A sale under which a lender allows a borrower to avoid foreclosure by selling the mortgaged property for an amount less than the amount necessary to pay off the mortgage loan.
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Sales-assessment Ratio
Concept of Sales-assessment Ratio in the context of Real Property A short definition of Sales-assessment Ratio: The ratio of the assessed value of a property to its selling price, which is presumed to be market value. This shows the percentage of assessed value to market value.
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Trustee’s Sale
Concept of Trustee’s Sale in the context of Real Property A short definition of Trustee’s Sale: A sale at auction by a trustee under a deed of trust, pursuant to foreclosure proceedings.
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Liquidation Sale
Concept of Liquidation Sale in the context of Real Property A short definition of Liquidation Sale: Any sale of property to liquidate a defaulted loan secured by the property. This would include a foreclosure sale, trustee’s sale and sale to the lender to avoid foreclosure. See: Deed In […]
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Liquidation Sale
Concept of Liquidation Sale in the context of Real Property A short definition of Liquidation Sale: Any sale of property to liquidate a defaulted loan secured by the property. This would include a foreclosure sale, trustee’s sale and sale to the lender to avoid foreclosure. See: Deed In […]
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Public Sale
A sale conducted on notice to the public, at which the public is invited to attend and -purchase. …
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Public Sale
A sale conducted on notice to the public, at which the public is invited to attend and -purchase. …
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Power of Sale
Concept of Power of Sale in the context of Real Property A short definition of Power of Sale: Clause in a mortgage or deed of trust giving the mortgagee or trustee the power to sell the property in the event of default. There are laws which govern the sale, which must be at public auction,…
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Power of Sale
Concept of Power of Sale in the context of Real Property A short definition of Power of Sale: Clause in a mortgage or deed of trust giving the mortgagee or trustee the power to sell the property in the event of default. There are laws which govern the sale, which must be at public auction,…
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Net Sales Area
Concept of Net Sales Area in the context of Real Property A short definition of Net Sales Area: The area (usually expressed in square feet) in a retail store where products are displayed and sold.
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Due-on-sale-clause
Concept of Garn-st. German Act of 1982 in the context of U.S. Real Property A short definition of Garn-st. German Act of 1982: An act which, among other things, provides that a lender may not enforce a due-on-sale clause when the property passes by will to a relative of the decedent who […]