Distressed Properties

Foreclosed Properties:

These are properties that have been taken over by the lender after the owner defaults on their mortgage payments. Foreclosed properties are sold through auctions or on the open market.

Short Sale Properties:

These are properties where the owner owes more on the mortgage than the property is worth, and they cannot make up the difference. The owner must ask the lender to approve a short sale, which is a sale for less than the outstanding mortgage balance.

Bank-Owned Properties (REOs):

These are properties that have gone through the foreclosure process and were not sold at auction. The lender now owns the property and is responsible for selling it.

Abandoned Properties:

These are properties that have been vacated by the owner and left unoccupied for a significant period of time. These properties may require significant repairs and cleanup.

Probate Properties:

These are properties that are part of a deceased person's estate and are being sold as part of the probate process.

Tax Lien Properties:

These are properties that have tax liens placed on them by the government for unpaid property taxes. If the owner does not pay the taxes, the government can foreclose on the property.

What are Distressed Properties?

Distressed properties refer to real estate assets that are in some sort of financial distress, often resulting from the owner's inability to maintain or make payments on the property. Here are the different types of distressed properties:

Distressed Properties Listings

Agents in the Area


Carlo Ruggiero

Carlo Ruggiero

REALTOR®
Marie Logue

Marie Logue

REALTOR®
Whitney Schultz

Whitney Schultz

REALTOR®

Latest Blog Posts


Biggest concerts in Raleigh for Spring of 2023!

Raleigh, North Carolina is known for its bustling music scene and there are always exciting concerts happening throughout the year. Some of the biggest concerts in Raleigh have included performances b…

Pittsboro: Why Relocate?

Pittsboro, North Carolina is a charming and vibrant town located in the heart of Chatham County. It is a perfect place for those looking to relocate to a small town with a strong sense of community an…

Knightdale: A Relocation Destination

If you're considering a move to North Carolina, you might want to check out the town of Knightdale. Located in Wake County, Knightdale is a growing community with a lot to offer. Here are some of the…