- forced sale
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n.A sale made by order of the court to enforce a judgment against the property owner.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- forced sale
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The sale of goods by a creditor of their owner, authorized by court order. For example, forced sales may occur when someone files for bankruptcy or goes through foreclosure.Category: Bankruptcy, Foreclosure & Debt → BankruptcyCategory: Bankruptcy, Foreclosure & Debt → Foreclosure
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- forced sale
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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.
Dictionary from West's Encyclopedia of American Law. 2005.
- forced sale
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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.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- forced sale
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n.a sale of goods seized by the sheriff to satisfy (pay) a judgment.See also: execution
Law dictionary. EdwART. 2013.