distressed property

distressed property

Real property that suffers a reduction in its market price because of pressures operating on the owner, such as threatened foreclosure, divorce, settlement of an estate, or fear of economic changes that might decrease the value.

References in periodicals archive ?
8220;The act expires at the end of 2013,” said Linda Craft, CEO of Linda Craft & Team, REALTORS[R] & Certified Distressed Property Expert (CDPE), “Some of the solutions available to homeowners can take months to complete.
New Hampshire's distressed property sales rate was the highest of the states studied.
is a strong indication that the distressed property cycle is continuing to provide sub-value deals.
WORLDWIDE demand for distressed property increased dramatically in the second quarter of 2011, according to the Royal Institution of Chartered Surveyors (RICS) latest global distressed property monitor.
Allsop, a UK firm which specialises in distressed property sales organised the auction and company partner Michael Linane said the event had been a "phenomenal success".
Stroock & Stroock & Lavan LLP announced the addition of Ron Kriss as a partner in the Real Estate Practice Group and chair of the Distressed Property Practice Group, and Paul Shelowitz as a partner in the Litigation Practice Group, effective immediately.
It also revealed that expectations for increased distressed property sales in the coming months are highest in the Republic of Ireland, US and Spain.
Oliver Gilmartin, RICS senior economist, said: "The issue of distressed property assets has not yet gone away despite a modest recovery in values across most global property markets in the past six to 12 months.
A: "The major trend that will affect the multifamily market into 2010 is the state of the distressed property market, which is a direct result of the loosened lending parameters extended to owners and investors over the past several years.
However, surveyors are more optimistic in Brazil, Hong Kong and India, and expect fewer distressed property listings in these countries.
Certified distressed property expert George Durkin, a broker-manager with Las Vegas-based Realty Executives, says real estate investors who do their homework--and don't try to time the market by looking for the perfect moment to buy--will have the best chance at success.