Practical Law Glossary Item 4-502-9888 (Approx. 2 pages)
Glossary
Distressed Property
Real property that is subject to a foreclosure action or a pending foreclosure action. Sometimes distressed property can also be real property that is subject to pressures operating on the owner other than a pending foreclosure, such as a divorce, settlement of an estate or fear of economic changes. Distressed property usually has a reduced market price.