forced sale

Thesaurus

Noun

forced sale - a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligationexecution sale, judicial sale, sheriff's salesales agreement, sale - an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer); "the salesman faxed the sales agreement to his home office"

Forced Sale

An involuntary transaction that occurs in the form and at the time specified by law for the purpose of applying the proceeds to satisfy debts, such as a mortgage or a tax lien, incurred by the owner of the property.

A forced sale results from the execution of a judgment previously rendered by a court.

forced sale

n. a sale of goods seized by the sheriff to satisfy (pay) a judgment. (See: execution)

forced sale

An involuntary sale resulting from foreclosure, execution on a judgment, partition action by a cotenant wanting to sell the property and divide the money, or a divorce proceeding. See distressed sale.

forced sale

noun

Synonyms for forced sale

noun a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation

Synonyms

execution sale
judicial sale
sheriff's sale

Related Words

sales agreement
sale

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