Forced Sale

Sale that the seller must make immediately, without opportunity to find a buyer who will pay the reasonable worth of the item. Examples include property sold by Foreclosure, in Bankruptcy, or under Duress.

Same as Distress Sale.

An involuntary transaction that occurs in the form and at the time specified by law for the purpose of applying the proceeds to satisfy debts, such as a mortgage or a tax lien, incurred by the owner of the property.

A forced sale results from the execution of a judgment previously rendered by a court.