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Involuntary Alienation


Definition of "Involuntary alienation"

Beth McGonigle
  RE/MAX Preferred Properties

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.


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