What is a distressed property?

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MyProperty
South Africa's #1 independent property portal

A distressed property refers to homes that have been put onto the market because usually, the homeowner is in a financially difficult situation. These properties are often in various states of disrepair and for those buyers looking for a fixer-upper, distressed properties can be an ideal buy. Three other terms that relate to distressed properties are: • Bank-mandated SalesSales in Execution / Public AuctionsForeclosure / Bank Repossessed Property

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