Business, Legal & Accounting Glossary
The auctioning and sale of real estate for which the owner has not paid property taxes.
Tax sales are advertised in the newspaper, and they are good opportunities to purchase real estate at a discount.
The bank looked through the tax sale records under her name and found several instances of payment defaults over the years, so they refused her a new loan.
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This glossary post was last updated: 15th February, 2020 | 0 Views.