Liquidation | Real Estate Glossary

Definition of "Liquidation"

Conversion of real property into money.
The breaking up and selling of a real estate company for cash distribution to its creditors and then owners. Chapter 7 of the Federal Bankruptcy Code applies to a forced liquidation.

Provision in a lease agreement indicating the maximum amount of operating expenditures that must be ...

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisi ...

Amount the interest rate of a variable rate mortgage can be raised or lowered in any consecutive 12 ...

Risk distribution included by type of coverage, by kind of risk, and by geographical location. ...

A situation that occurs when borrowed funds cost more than they produce. ...

Group of women life insurance agents who sell sufficient insurance to qualify for membership. The ro ...

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

A deed is a legal document that conveys the title to a property. ...

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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