Real estate blog entries tagged with distressed properties by Peter Carlseen (RE/MAX Praecelsus)

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Home : Blogs : Peter Carlseen : Peter 's Blog : Tag "distressed properties"

distressed properties: What's so Distressing About Distressed Properties... - 04/13/09 03:44 PM

Every real estate market, no matter the time or place, is bound to be influenced in some way or another by "distressed" properties. In a "healthy" market, anywhere from 1-3% of the homes are generally distressed sales.
So what qualifies as a distressed sale? A distressed property will fit into at least one of these four categories:
Property that is in poor condition Property that is or will soon be in the foreclosure process Property owned by someone who is experiencing financial problems Property on which the mortgage and lien amounts exceed the value of the property AND … (0 comments)

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Peter Carlseen

Chula Vista, CA

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RE/MAX Praecelsus

Address: 891 Kuhn Dr #204, Chula Vista, CA, 91914

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