Term that denotes property in trouble due to one of several reasons such as cost overrun, insufficient income, poor management or any other conditions which affect the mortgagor's ability to repay the loan on a timely basis.
property that is in poor condition either physically, financially or both.
Real estate undergoing foreclosure, bankruptcy, or on the verge of doing so.
A bargain property that is substantially below its present or projected renovated value.
A property ususally where the owner is ususally behind in mortgage payments and is under pressure to sell to avoid forclosure.
Property that is run down and is in need of improvement.
A property which is to be sold in order to pay arrears on a mortgage.
A mortgaged property which has been foreclosed on.
Property which either is in a dilapidated physical condition or is owned by an individual who is undergoing a period of economical instability.
Property that is in poor physical or financial condition.
Property in poor financial or physical condition; foreclosed real estate or property in a bankruptcy; Income property which is making an inadequate return.
A Distressed Property note is a Mortgage Note secured or collateralized by real property that is in a state of disrepair. Refer to Mortgage Note
1. Property that is in poor physical condition. 2. Property owned by an individual who is in poor financial condition.
Property that is in poor condition, or whose owner is in poor financial condition.
A property which is to be sold as a result of payment arrears on a mortgage.
