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 my recommendation, end users should look for a good deal rather than a distressed sale, as mostly distressed properties have some kind of challenge attached with them," adds Puri.
Distressed Sale! Bay Area Honda and Suzuki dealership available for $50,000 plus inventory!!!
--A revision to the distressed sale adjustment to reflect new GSE historical data;
SOME property experts are predicting that this may be the year of the distressed sale.
It was previously sold in a distressed sale for $7.5 million in 2007, according to Dora Puig of Puig Werner Realty, which has the listing.
Industry insiders say the owner of the 150 stores is trying to find a new buyer and marketing it as a "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.
The transaction was a distressed sale. Joni Sweetwood facilitated the all-cash sale of the mortgage on the property and the transfer of the deed, both to the purchaser.
By definition, a distressed sale is one where the seller is under duress.
NAR"s president, Charles McMillan indicates that the certification Gardner received is a valuable asset for people considering a distressed sale. "Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it's extremely important to have the help of a real estate professional like a REALTOR[R] who has earned the SFR certification for these kinds of purchases."
The Officers Club, which has more than 150 outlets around the country, is being marketed as "a distressed sale", according to the trade magazine Drapers.