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The main differences between an estate liquidation and a mere estate sale is the sphere of inclusion which in a liquidation can expand to stocks, bonds, real property, fine jewelry, coin collections and fine art.
Newspaper announcement for a farmer's estate sale, 1918. An estate sale or estate liquidation is a sale or auction to dispose of a substantial portion of the materials owned by a person who is recently deceased or who must dispose of their personal property to facilitate a move. [1]
Attorney Brad Schandler, at right, takes bids during the auction of condominium unit 119A at Oakland Grove Village Condominium in Oakland Park, Florida on Tuesday, February 27, 2024.
Maison de L'Amitié (House of Friendship) was a French Regency-style estate in Palm Beach, Florida, United States. The plot area was about 270,000 square feet (25,000 m 2) and bordered a length of 492 feet (150 m) on the Atlantic Ocean. It was one of the largest and most expensive homes in the United States.
When the remaining mortgage balance is higher than the actual home value, the foreclosing party is unlikely to attract auction bids at this price level. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate ...
One year later, Concierge Auctions broke its own record for the most expensive home ever sold at an auction in the United States: an estate in Florida that sold for $42.5 million. [6] It was the highest-priced home to sell in Broward County's history, according to property records. [19]
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [ 1 ]
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