Definition of "Involuntary alienation"
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.
Have a question or comment?
We're here to help.