Seized property is property or real estate that is no longer in the possession of it's original owner. This can be as a result of repossession or foreclosure by a bank for non-payment of an outstanding mortgage or, by the authorities in the case of an investigation into the proceeds of a crime.
There can also be cases were a property can be seized because of a rightful ownership dispute due to the unauthorised occupation of a country or territory, for example Northern Cyprus.
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