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Forced Sale

Definition of "Forced sale"

Rosemarie Ledogar
  Keller Williams Realty Fort Mill

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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