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O'Neale v. Thornton, 10 U.S. (6 Cranch) 53 (1810), is a ruling by the Supreme Court of the United States which held that neither the state of Maryland nor the government of the District of Columbia authorized the resale of foreclosed government land at a price less than the original sale price. In establishing the District of Columbia, the D.C ...
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
They were put up for auction as individual lots in September as part of a foreclosure sale. ... Hastings won the bid for the property for $400,000. ... as a single lot from the U.S. government for ...
The land bank helped some tenants buy property the government wrested from Thomas, at a steeply discounted price. And Thomas still owns the bar on South Arlington, which is up for sale.
Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States. [1] [2] The company auctions distressed real estate and personal property for private investors and federal and local government. [3]