Tax Foreclosure
Definition of "Tax foreclosure"
Property taken over by the government because the owner has failed to pay taxes on it. The property may revert back to the owner when the taxes are paid. If not, the government may sell the property to collect the amount due.
Popular Real Estate Terms
A leasehold estate that can be determined by the lesser or lessee at any time. ...
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Something that is of good value for the money and an attractive deal. ...
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Total expenditure to modernize a building to meet the owner's or tenant's needs. ...
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