Forced Sale Value (FSV)
- When a property must be sold to satisfy a debt, those responsible for selling must act with due diligence to ensure the owner is not deprived of an open market value.
- E.g. The Court of protection - has a duty when selling a property to secure a fair and reasonable price. I.e. not merely accept a forced sale value for convenience.
Published: 28 September 2015
Last Updated: 17 November 2021