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
Maximum credit a prospective buyer may be given. An example is the maximum mortgage a prospective home buyer may receive from the bank. ...
Internal rate of return ignoring taxes associated with the capital invested in property. Internal rate of return considers the amount and timing of the annual cash flow from the property ...
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Annual rate of inflation of 10% or higher. ...
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Method of valuing a property through examination and comparison of recent sales of comparable properties. ...
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