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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Aspects to investigate before acquiring a distressed property:
She is a Nocatee Certified Agent, Certified Distressed Property Expert and Certified Negotiation Expert.
Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Pettway with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.
Banks, including Royal Bank of Scotland (LON: RBS), Lloyds Banking Group (LON: LLOY) and Co-operative Bank are leveraging on the market to dispose of their distressed property and unwind previous losses.
The Distressed Asset Intelligence Suite helps mortgage holders and investors determine how local distressed property trends impact the value of their assets and maintain compliance with Interagency Supervisory Guidance on Allowance for Loan and Lease Losses Estimation Practices.
New Hampshire's distressed property sales rate was the highest of the states studied.
In November 2011, Lloyds sold AUD1.7bn (USD1.68bn/EUR1.35bn) worth of distressed property loans to Morgan Stanley and Goldman Sachs (NYSE:GS) through its local arm BOS International.
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.
So many turned up for a "distressed property" auction at Dublin's Shelbourne Hotel that auctioneers had to take bids from some of the 300 hopefuls on the street outside.
Flipping homes on operational considerations, which is more risky, involves buying a distressed property, fixing them up, making a few repairs, and passing them off as "normal" home available for the average buyer.
Summary: Something needs to be done about the lack of transparency in distressed property developments in the UAE.
BANNER: There are two ways you get to become a distressed property. One being that the debt on the existing property is greater than the actual market value today.