{"id":2821,"date":"2018-03-22T04:00:16","date_gmt":"2018-03-22T04:00:16","guid":{"rendered":"http:\/\/bhatnagars.co.in\/?page_id=2821"},"modified":"2020-01-29T09:47:24","modified_gmt":"2020-01-29T04:17:24","slug":"buy-distress-property","status":"publish","type":"page","link":"https:\/\/bhatnagars.co.in\/buy-distress-property\/","title":{"rendered":"Buy Distress Property"},"content":{"rendered":"

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\r\n\t\t\tBuy Distress Property <\/h1>\r\n\r\n\t\t <\/div>\r\n\r\n\t<\/div>\r\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column css=”.vc_custom_1494338363945{padding-top: 39px !important;padding-bottom: 24px !important;}”][vc_empty_space height=”12px”][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n

Distressed property<\/h1>\n

What is a distressed property?<\/strong><\/h2>\n

Distressed property is any property that is under foreclosure or being sold by the lender. Normally, a distressed property is a result of a homeowner who was unable to keep up with the\u00a0mortgage\u00a0payments and\/or tax bill on the property. It is common for a distressed property to be sold below market value.<\/p>\n

Deeper definition –<\/h3>\n

Not all distressed properties have been repossessed due to late payments. On occasion, lenders, banks and credit unions seek to repossess a property to protect their investment. Lenders may take this action due to other claims being made on the property or due to a discovery of mortgage fraud.<\/p>\n

There are at least two good reasons to buy a distressed property:<\/p>\n