Definitions

1. noun

a sale of land, especially one that is auctioned off by a court in order to satisfy a debt or to pay off a mortgage.

“The bank foreclosed on the property and put it up for auction in a landsale.”

2. noun

a sale or disposal of land, especially one that is done in a way that is seen as unfair or unjust.

“The community was upset about the landsale of the historic park to a private developer.”