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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
While at first most people commuted back to industrial and commercial jobs downtown, eventually many employers followed suit, moving to suburban communities in search of educated workers, cheap land, fewer unions and a leafy suburban image. The now-familiar commercial landscape of office parks and corporate campuses was born.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M. The "8-Mile" actress purchased the property in 2003 from Britney Spears, whose unsettling ...
This often arises when a property has been rezoned or amortized. Amortization is unconstitutional in many states, and is a controversial tool according to many property rights advocacy groups. [2] An example of special-use-permit abuse may be found when a business or other organization is using U.S. Forest Service land for commercial use.
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Once the formal foreclosure processes are underway, these properties can be purchased at a public sale, usually called a foreclosure auction or sheriff's sale. If the property does not sell at the public auction, then ownership of the property is returned to the lender. [11] Properties at this phase are called Real Estate Owned, or REOs.
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