distressed sale

Distress Sale

A rapid, urgent sale of assets, often at a loss. Distressed sales often occur when cash is needed to cover immediate needs or debts. They are also associated with margin calls. A common example of a distressed sale is the rapid sale of real estate when the owner can no longer make the mortgage payments; he/she must sell the property immediately to pay off the mortgage, even if it involves losing money on the property. See also: Distressed securities.

distressed sale

The sale of real property under circumstances creating great urgency on the part of the seller, such as impending foreclosure, divorce, relocation to another city, or any other such pressure.

References in periodicals archive ?
In the Case-Shiller index, distressed sales are pooled with non-distressed and each is paired with a prior sale that also could be a distressed sale or not.
In 2010-2011, the average prices for non-distressed sales declined 78% to $10,078, while average distressed sale prices declined 10% to $6,621.
SOME property experts are predicting that this may be the year of the distressed sale.
According to the trade magazine Drapers, accountants KPMG are marketing the 180-store chain with headquarters in Cramlington, Northumberland, as a distressed sale.
The Federal Communications Commission adopts tax certificate and distressed sale policies that result in increases in the number of minority-owned broadcast properties.
In general, a non-distressed sale was sold by an individual and a distressed sale was sold by a financial institution or intermediary.
15%) and the distressed sale of another asset representing $13.
3 percent from peak if you include distressed sales.
The feature lists the markets with the highest share of distressed sales as a percentage of all housing sales.
One year ago, in our February 2013 issue, Las Vegas was the poster child for distressed sales.
By comparison, distressed sales accounted for 26 percent of existing-home sales in June of last year.
The average market value was $71,659 and the median price change for distressed sales in Chicago was a decline of 6.