What are distress sales?
Distress sales are the sale of real property under circumstances creating great urgency on the part of the seller, such a impending foreclosure, divorce, relocation to another city, or any such pressure.
Reasons for distress sale actions
Most of the reasons are common day situations that occur in our lives. The most important reasons for distress sale actions are:
- Economy/Interest Rates
- Divorce
- Health
- Death
- Financial Mismanagement
- Job/Business loss
Some of the opportunities in distress sales include:
- Lower purchase price
- Cost savings and overall price reductions
- Lower down payments
- Get more property for less
- Motivated sellers and lenders - they do not want to keep property too long
- Less competition
- Many buyers are not aware of distress sale opportunities
- Better terms
- The buyer could receive better structured mortgages from lenders

