distress sale
Forced urgent liquidation
A distress sale is a sale made under urgent pressure—financial hardship, foreclosure, or other necessity—typically at a price below market value.
The seller accepts less because they need to sell quickly: The bank foreclosed and the house went at a distress sale.
Real estate, vehicles, and business inventory commonly appear in distress sales.
Favorable purchase price
- undervaluedRated below true worth
- reduced priceLowered cost for purchase
- markdownReduction in retail price
- rock bottomLowest possible level
cheap · giveaway · lowball · wholesale price · clearance · underpriced
Lender seizes mortgaged property
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- repossessionCreditor seizing collateral
- defaultPreset standard option
eviction · creditors · debts · financial ruin · hardship · crisis · collapse · downturn
Competitive public sale
- receivershipCourt-ordered asset management
- liquidatorOne who dissolves entities
- dissolutionBreaking up completely
- winding upComing to completion
administration · divestiture · inventory clearance · closeout · selloff
Happening without delay
- time-sensitiveRequiring prompt action
- cash buyerOne who pays outright
- as-isIn present state
- expeditedMade faster, prioritized
bargain
Favorable purchase price
- undervaluedRated below true worth
- reduced priceLowered cost for purchase
- markdownReduction in retail price
rock bottom · cheap · giveaway · lowball · wholesale price · clearance · underpriced
foreclosure
Lender seizes mortgaged property
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- repossessionCreditor seizing collateral
default · eviction · creditors · debts · financial ruin · hardship · crisis · collapse · downturn · dire straits
auction
Competitive public sale
- receivershipCourt-ordered asset management
- liquidatorOne who dissolves entities
- dissolutionBreaking up completely
winding up · administration · divestiture · inventory clearance · closeout · selloff
immediate
Happening without delay
- time-sensitiveRequiring prompt action
- cash buyerOne who pays outright
- as-isIn present state
- liquidationsliquidation, closeout, going out of business, insolvency, receivership
- selloffliquidation, closeout, panic selling, unloading, dumping
- exit strategiesIPO, acquisition, merger, buyout, liquidation
- salesselling, salesperson, salesman, saleswoman, discount
- foreclosureforeclosure auction, foreclosure prevention, foreclosure notice, mortgage default, pre-foreclosure