Typically, one looks at the word DISTRESSED and become DIstressed!!! When we in
Real Estate use the word Distressed to identify a property what we really mean is  that the property is in financial limbo; often due to non-payment or foreclosure proceedings. When buyers see the phrase" DISTRESSED PROPERTY" they may be envisioning a property which is falling A-PART!!! The fantasy of an average buyer is that the property will become a MONEY PITT, a BLACK HOLE" rendering them helpless in acquiring the "American Dream" of home ownership. This could not be further from the truth!!!! Distressed properties are often a fabulous opportunity for buyers. Distressed properties can be a win win transactions for all involved. These transactions can provide the Seller with an opportunity to salvage their credit and restructure their future.The Buyer has an opportunity to  acquire an amazing property for an AMAZING PRICE!!!.

 Stay tuned for our next topic: SHORT SALES