resale proceeds

0.01 sec.

resale proceeds

Upon the sale of real property,the money remaining after payment of expenses of the sale,any mortgage debt on the property,and sometimes after payment of income taxes.The term is imprecise and is usually defined in context. Under some programs administered by the Department of Housing and Urban Development,property owners who received assistance for their home purchase must reimburse HUD for some of the resale proceeds.

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resale proceeds
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