Bulk Sales Law | Real Estate Glossary

Definition of "Bulk sales law"

Debran Collins

Russ Lyon Sothebys International Realty

Statue designed to protect lenders if a seller secretly sells substantially all of the business property. The objective of the law is to safeguard against defrauding creditors.

Search Real Estate Glossary

Related Real Estate Glossary terms

Accumulation Period

Time frame during which an annuitant makes premium payments to an insurance company. The obligations ...

Change In Principle

When a real estate company switches from one accounting method to another. ...

Loss Of Income

Insured's income prior to the disability minus the insured's income after the disability. ...

Non-Conforming Mortgage

A mortgage that does not meet the purchase requirements of the two federal agencies, Fannie Mae an ...

Reversionary Lease

Future rental agreement to start after the current rental arrangement expires. ...

Indestructibility

Characteristic of a trust that prevents the invasion of its principal by the trustees while prov ...

Related Real Estate FAQ

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A Mortgagee?

A morgagee is the lender. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Read Reviews

Add our widget on your Website

Real Estate Advice

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? How to become a real estate agent Rent or Buy - the pros and cons How To Choose A Realtor When to buy a house

FAQ

Do I need flood Insurance? What is an annuity? What do I need to know about Renters Insurance, and what does it cover? What is a quit claim deed? What is escrow?