real estate distress

Real estate distress refers to situations where property owners face financial difficulties that hinder their ability to maintain, sell, or mortgage their properties. This can occur due to factors like declining property values, unpaid mortgages, or income loss, leading to defaults or foreclosures. Essentially, it indicates that a property or its owner is under strain, often prompting lenders or investors to step in, sometimes resulting in property sales at below-market prices or distress sales. Recognizing real estate distress helps stakeholders assess market conditions and potential investment opportunities or risks.