There are many different types of distressed properties. Check out some of these situations that can cause distress in properties.
1. A couple separating or going through divorce. Since both parties are motivated to get rid of the property quickly for emotional and/or financial reasons.
2. A death in the family. The intent here is not always to get the highest price possible, but often to unload the property quickly and divide the money up among the remaining kin.
3. Job relocation. Property owners who have to move quickly due to a job relocation are motivated to sell their current residence quickly so they are not paying two mortgages.
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