What Are the Differences Between Distressed Properties?

Blackboard reading, Short Sales vs. Foreclosures to describe concept of differences between distressed properties.

When a homeowner is forced to give up a home because of financial hardship, the house is referred to as distressed property. Buyers can often purchase distressed properties at a deep discount, but these transactions are not always easy. Here are three categories of distressed properties and how a buyer can purchase each of them. […]