A property is forfeited when it is conviscated from the original owner because of failure to honor a legal oblilgation or by commiting some crimminal offense.
Real Estate Term Forfeiture
- Published Sep 9, 2019
- 751
This definition has been provided for general information purposes only and does not constitute legal, investment or other professional advice. You should seek the advice of a financial or real estate professional before making any type of investment.