Pelham AL Stressed Homes
Examples of stressed or distressed properties may include corporate owned (REO), foreclosures, short sales, as is, relocation, court / 3rd party approval etc.
These type properties often times are offered for sale at discounted rates by sellers that are “motivated” to sell because of certain “stressful” situations (such as immediate job transfer, death, divorce, financial hardship, property damage / state of home disrepair / requires repairs etc.). They are sometimes listed as “handyman special, fixer upper, investment opportunity” etc.
All situations are different and these types of properties do require substantial due diligence to fully understand the details.