forced sale

forced sale
A sale made at the time and in the manner prescribed by law, in virtue of execution issued on a judgment already rendered by a court of competent jurisdiction; a sale made under the process of the court, and in the mode prescribed by law.
A sale which is not the voluntary act of the owner, such as to satisfy a debt, whether of a mortgage, judgment, tax lien, etc. Sale brought about in shorter time than normally required because of creditor's action. For comparable sale purposes in eminent domain proceedings, "forced sales" are those occurring as result of legal process, such as tax sale. Colonial Pipeline Co. v. Gimbel, 54 Md.App. 32, 456 A.2d 946, 952.
See also fire sale
- sheriff's sale
+ forced sale
A sale made without the consent or concurrence of the owner of the property, but by virtue of judicial process, such as resulting from a writ of execution or an order under a decree of foreclosure.

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • forced sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. forced sale …   Law dictionary

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  • forced sale — A sale made at the time and in the manner prescribed by law, in virtue of execution issued on a judgment already rendered by a court of competent jurisdiction; a sale made under the process of the court, and in the mode prescribed by law. A sale… …   Black's law dictionary

  • 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 (Freq. 1) • Syn: ↑sheriff s sale, ↑execution sale, ↑judicial sale • Hypernyms: ↑sale, ↑sales agreement * * * Law …   Useful english dictionary

  • forced sale — sale made against the will of the seller …   English contemporary dictionary

  • forced sale — A sale other than at the will and pleasure of the owner. An execution sale; a sale on foreclosure; a sale made under the authority of any judicial proceeding at law or in equity which seeks to appropriate the property to the payment of debts,… …   Ballentine's law dictionary

  • forced sale — Law. a sale held as a result of a judicial order. [1840 50, Amer.] * * * …   Universalium

  • forced sale — A sale that has to take place because it has been ordered by a court or because it is necessary to raise funds to avoid bankruptcy or liquidation …   Big dictionary of business and management

  • forced sale — /fɔ:st seɪl/ noun a sale which takes place because a court orders it or because it is the only way to avoid a financial crisis …   Marketing dictionary in english

  • forced sale — /fɔ:st seɪl/ noun a sale which takes place because a court orders it or because it is the only way to avoid a financial crisis …   Dictionary of banking and finance

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