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Real Estate Tips: What Is A Distressed Property?

A distressed property is a term that refers to homes that are short sold, foreclosed, or generally those that are real estate owned.

Real Estate Tips: What Is A “Short Sale” And How Does It Work

Short sale happens when someone failed to pay his or her mortgage on time due to some financial difficulties. Instead of opting to a foreclosure, the bank may allow the home owner to turn over the property to them, which will then allow the home to be sold as close to its market value as possible.

Buyers Will Have to Shell Out £5million to Get the Modest Home in Sandbanks

What made this modest three-bedroom house worth £5 million? It sits on one of the undeveloped waterside plots on Sandbanks’ exclusive enclave.