Forced sale refers to the process of selling property against the owner’s wishes or without their consent, typically through a court-ordered sale. This legal action may be initiated to satisfy a debt, lien, or judgement against the property owner. Forced sales can occur in various contexts, such as foreclosure proceedings, tax sales, or execution sales to enforce judgements. The proceeds from the sale are used to satisfy the outstanding debt or obligation, with any surplus returned to the property owner, if applicable. Forced sales are subject to specific legal procedures and requirements to ensure fairness and compliance with applicable laws.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/forced-sale/
- Modern Language Association (MLA):Forced Sale. dlssolicitors.com. DLS Solicitors. May 02 2024 https://dlssolicitors.com/define/forced-sale/.
- Chicago Manual of Style (CMS):Forced Sale. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/forced-sale/ (accessed: May 02 2024).
- American Psychological Association (APA):Forced Sale. dlssolicitors.com. Retrieved May 02 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/forced-sale/