distressed property
Foreclosure sale target
A distressed property is real estate sold under unfavorable circumstances—typically foreclosure, bankruptcy, or urgent financial need.
The term signals that the seller lacks bargaining power, often resulting in below-market prices: Investors specialize in flipping distressed properties.
The property itself may also be physically neglected, though the distress primarily refers to the owner's situation, not the building's condition.
- fixer-upperProperty needing extensive renovation
- tear downDestroy a structure
- neglectFailure to provide care
- deferred maintenancePostponed upkeep work
- lienClaim securing debt
back taxes · disrepair · foreclosure · real estate investor · cash buyer · due diligence · flip house · bargain hunting · mortgage default · underwater mortgage · bankruptcy · auction · estate sale · short sale · structural damage · legal claim · deficiency judgment · negative equity
- Fixer-Uppersfixer-upper, handyman special, needs work, gut job, gut rehab
- real estatehouse, home, apartment, sale, rent
- bankruptcybankruptcy, bankruptcy court, Chapter 11, Chapter 7, bankruptcy petition
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale
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