forced sale


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

forced sale

An involuntary sale resulting from foreclosure, execution on a judgment, partition action by a cotenant wanting to sell the property and divide the money, or a divorce proceeding. See distressed sale.

References in periodicals archive ?
The owner filed an action against the bank and the Director of the Land Registry, claiming the cancellation of the forced sale and an order for the re-registration of the property into his name, as well as other alternative claims.
The Supreme Court examined the aspects of the case and held that the owner was aware of both the procedure for the consolidation of his two properties and the forced sale.
Brown, chief sales officer, is expected to be subject to a forced sale of shares of the company's common stock to meet obligations under a loan for which the shares were pledged as security.
On average, forced sales in Cyprus could take up to ten years and in some cases 15, the Bank Association said.
If Credit Suisse First Boston is seeking an acquirer for the Company, Gotham urges the Company's independent trustees to reject any alternative involving a forced sale of First Union at a small premium to current market value.
Over the long run, I believe that, compared to an immediate forced sale, World Security will be a more valuable entity and will benefit from the financial strength and stability of PIne Brook Capital, which will become its owner under the Columbia Western Plan of Reorganization.
Manninen's proposal was made as a suggested solution for the shortage of housing in the greater Helsinki area, but Gestrin has said that forced sales is an old-fashioned way of getting construction projects going.
I'm afraid we'll see a spike in foreclosures or forced sales or both.
If NRG receives no cash (a worst-case scenario) from its California investments in 2001 and issues additional debt to fund operating expenses because it is compelled to make forced sales of power to California, Standard & Poor's analysis concludes that NRG's funds from operation coverage ratio will only be minimally affected by about 15 basis points, still adequate for the rating level.
Court of Appeals for the Ninth Circuit today lifted a lower court injunction, relieving Reliant Energy from any duty to make forced sales of electricity to the California Independent System Operator (ISO) without assurances of payment.