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distressed sale

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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.



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Aa Apartment prices fell 3 percent in the third quarter, compared with a 17 percent decline in the previous period, as the majority of sellers held prices and distressed sales available in previous months were no longer on the market.
Nearly 20 percent look to 2010 before major default pressure comes to bear on the market and distressed sales begin in earnest, the survey said.
MORE than 75 per cent of countries surveyed have seen a rise in distressed sales in the commercial property market, according to research by the Royal Institution of Chartered Surveyors (RICS).
 
 
 
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