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...
![Blackboard reading, Short Sales vs. Foreclosures to describe concept of differences between distressed properties.](https://www.houseopedia.com/wp-content/uploads/2020/09/What-Are-the-Differences-Between-Distressed-Properties-e1599511448480-770x360.jpeg)
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...