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A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
If the tax is not paid within a specified period of time (including additional interest, penalties, and costs), a tax sale is held, which may result in either 1) the actual sale of a property, or 2) a lien sold to a third party, who (after another specified period of time) may take action to claim the property, or force a later sale to redeem ...
In Philadelphia Park Amusement Co. v. United States, 126 F. Supp. 184 (Ct. Cl. 1954), the United States Court of Claims ruled that the cost basis of property received in a taxable exchange is the fair market value of the property received. [1]
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Fumigation is a hazardous operation. Generally it is a legal requirement that the operator who carries out the fumigation operation holds official certification to perform the fumigation, as the chemicals used are toxic to most forms of life, including humans. [1] Post operation ventilation of the area is a critical safety aspect of fumigation.
East Oak Lane is a neighborhood at the northern end of the North Philadelphia planning district of Philadelphia, Pennsylvania, United States. Many of the houses in the neighborhood are large single homes or twins built at a later period than much of central North Philadelphia. There is also a significant number of typical Philadelphia rowhouses.
Gentrification is the controversial process of affluent people moving into a historically low-income neighborhood. [1] It is often criticized because the current residents have limited options to buy or rent equivalent housing in alternative areas at the same price. [2]
An early record was achieved in the 1880s for the sale of the Philadelphia Post Office building for $425,000, then a record for a piece of real estate at auction. [5] Through the 1990s, Freeman's was driven by high volume. The house would sell 50,000 lots a year, at an average of $110 per lot, and make $5.5 million.