back to REAL ESTATE DICTIONARY
- Back On Market (BOM) – a property that comes back on the market after a pending sale, this means it fell out of escrow, perhaps due to some contingencies.
- Bankruptcy – is the legal proceeding involving a person or business that is unable to repay outstanding creditors and debts. Bankruptcy is imposed by a court order and initiated by a debtor, if you’re interested in this, be sure to consult with a bankruptcy attorney. Your legal team can provide advice on which type of bankruptcy – Chapter 7 or Chapter 13 – is best for you.
- BOM – see Back on The Market
- Broker – see Real Estate Broker
- Building Lines – see Setbacks
- Buyer’s Agent – see Selling Agent