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An estate liquidation is similar to an estate sale in that the main concern or goal is to liquidate the estate (home, garage, sheds and yard) with an estate sale organization [1] There is no government regulation of the industry. There is also no formal training for estate liquidators. [2]
Estate sales are usually conducted by a professional, for a percentage of the revenues. The liquidator may also charge the estate for the costs to give the sale, including advertising, marketing, research, labor, security, refreshments and other fees incurred in giving a successful sale.
In compulsory liquidation, the liquidator must assume control of all property to which the company appears to be entitled. [4] The exercise of their powers is subject to the supervision of the court. They may be compelled to call a meeting of creditors or contributories when requested to do so by those holding above the statutory minimum. [5]
Estate liquidator, the person given the job of personal estate liquidation; Computer liquidator, a purchaser and reseller of computer technology and related equipment;
The legal term “pur autre vie” means “for the life of another” in French and when used in property law refers to a life estate that a grantor bestows on another person, known as a life ...
RTC literature in the Federal Deposit Insurance Corporation history exhibit. The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company first run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office ...
It’s known as LL Flooring these days.
Estate in land can also be divided into estates of inheritance and other estates that are not of inheritance. The fee simple estate and the fee tail estate are estates of inheritance; they pass to the owner's heirs by operation of law, either without restrictions (in the case of fee simple), or with restrictions (in the case of fee tail). The ...