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Distressed Property Defined
The definition of a distressed property is:
- A Property that is in poor physical condition.
- A Property that is or will soon be in some stage of the foreclosure process.
- A Property owned by a person or persons who are experiencing a period of financial instability.
- A Property on which the mortgages total an amount higher than the current value and the owner must sell.
The Reed – Davis Team
757-271-8020 | www.VaBeachShortSales.com
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