Involuntary Alienation

Definition of "Involuntary alienation"

Ofelia  May, PA, GRI, AHWD, MRP  real estate agent
Ofelia May, PA, GRI, AHWD, MRP , Real Estate Agent ERA Grizzard Real Estate

Loss of property through attachment, condemnation, foreclosure, sale for taxes or other involuntary transfer of title. For example, as a result of losing his job, John's home was foreclosed by the bank and he has involuntarily alienated.

Property seized by a bank is often sold at lower than it would otherwise sell for as the bank is simply interested in covering the money owed. When looking to buy a house ask the realtor about foreclosures.

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