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 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.
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.
Requests for home price data excluding distressed sales may be directed to the contacts below.
7 percent increase in June over May when including distressed sales.
On a month-over-month basis, excluding distressed sales, CoreLogic reported that home prices increased by 0.
As distressed sales continue to decline, the share of sales is tilting toward more expensive homes, boosting the nationwide median sales price," said Daren Blomquist, vice president of RealtyTrac.