Definition of "Forced sale"

Shawn Lee real estate agent
Shawn Lee, Real Estate Agent Keller Williams Realty

Sale of property where the seller in unable to allow current market prices an conditions determine the actual selling price.In a forced sale, the property owner is selling under duress complying with court judgment specifying a specific sale date and other judicially determined sale conditions. A foreclosure sale is an example of a forced sale.

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