bulk sale


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Bulk Sale

The sale of a large number of real estate properties at the same time as if they were one unit. The properties are not connected and usually have nothing in common except that they are sold in the same transaction. Bulk sales developed as a way to divest oneself of a real estate investment.

bulk sale

Transfer of all or substantially all the assets of a business. Some states have bulk sales laws requiring notice to creditors before any such sales,so that a debtor may not liquidate all assets, pocket the money,and leave creditors holding the bag.

References in periodicals archive ?
Earnings in the prior corresponding period were positively impacted by proceeds from the bulk sale of the Group's surplus property assets in Modderfontein.
Bulk sale of 50 units at Fontainebleau Sorrento in 2009 and 2010
Expenses are much higher in a sell-through model versus a bulk sale, because of the costs associated with running the sale for a longer period.
There is precedent in the federal tax area for treating a bulk sale of inventory as other than income in the ordinary course of business.
Fannie Mae and FHFA's decision to move forward with the REO bulk sale in California amounts to another gift to Wall Street at the expense of taxpayers," said C.
Houlihan-Pames Realtors has sold 50 unsold co-operative apartments in a bulk sale.
In a private letter ruling released January 14, 2011, the IRS allowed a bulk sale exception to the retailer exclusion, allowing an oil and gas company to claim percentage depletion.
Nara Bancorp Inc (NASDAQ: NARA), the holding company of Nara Bank, has announced the closing of its bulk sale of problem loans that were transferred to loans held-for-sale at June 30, 2010.
Prodigy Capital Investments, led by principal Rodrigo Nino, has turned a nearly 33 percent profit on a downtown Miami bulk sale from 10 months ago.
If HUD goes to a bulk sale plan, the agency would have to offer huge discounts to the buyer in order to make the program attractive.
United Community or the Company) (Nasdaq: UCFC), the holding Company of The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or the Bank), announced today that Home Savings has successfully completed the bulk sale of a substantial amount of the Bank's troubled loans, along with other assets, to an unrelated party.
The bulk sale of non-performing mortgages and notes that encumber three walkup apartment buildings in The Bronx.