Liquidation
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.
Popular Real Estate Terms
The definition of the term right of way is an easement or the right of another person to pass over land owned by someone else to reach a particular destination. An individual is typically ...
Maximum amount of debt an individual or business can borrow in order to buy real estate. ...
Day the attachment of property under a judicial order becomes effective. ...
A lease. It is an agreement to rent property for a given amount and term specifying the terms and conditions for use. The term is mainly used when concerning residential property. ...
Tenant that stays in the leased property after the expiration date if the lease. He can be evicted or given a new rental agreement. ...
Matters that need to be rectified in a home or building prior to its sale or acceptance by a new owner. For example, a leaking water pipe should be repaired prior to showing the property to ...
Map which documents the area, perimeter location, dimensions, and other data relating to land for purposes of assessing annual real estate taxes. ...
Legal abbreviation meaning with husband. ...
Property held by an individual, such as furniture. ...
Have a question or comment?
We're here to help.