Involuntary Alienation


Definition of "Involuntary alienation"

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.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Ancillary Administrator

Out-of-state or out of jurisdiction administrator appointed to probate a decedents property when there is no executer or executrix. ...

Declining Market

Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, declining markets may result from unfavorable busines ...

Home Inventory

An individual's possessions at his residences, such as furniture. A listing of items and their costs is recommended to obtain proper insurance coverag ...

Gross Rent Multiplier (GRM)

The percentage of the selling price of property to its gross rental income. It is used to value an income-producing property. For example, if the sell ...

Assessment District

Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecti ...

Teaser Rate

An enticingly attractive initial rate below the market offered in an adjustable rate mortgage. For example, the teaser rate may be offered at 2% below ...

Popular Real Estate FAQ

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

Besides Making My Monthly Mortgage Payment, How Can I Build Equity Into My House?

When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

What Is A Term?

A term is the length of a loan. ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is an overall debt ratio? What is a housing ratio? What is a buydown? What is earnest money? What is an amortization?