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AGO Opinions with Topic: FORECLOSURE ACTIONS
AGO 1952 No. 447 >  December 22, 1952
COUNTIES - REAL ESTATE SALES TAX - FORECLOSURE ACTIONS - FORFEITURE ACTIONS - VENDEE'S INTEREST TRANSFERRED BACK TO VENDOR - ASHFORD V. REESE DOCTRINE
COUNTIES ‑- REAL ESTATE SALES TAX ‑- FORECLOSURE ACTIONS ‑- FORFEITURE ACTIONS ‑- VENDEE'S INTEREST TRANSFERRED BACK TO VENDOR ‑- ASHFORD v. REESE DOCTRINE The county real estate sales tax is imposed upon the transfer back of the vendee's interest in a breached contract to purchase real property unless the transfer is by court action to forfeit (not foreclose) based upon a proper forfeiture clause in the contract.
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