How Can I Find Distressed Properties?

If you’re a real estate investor, distressed properties can be a good investment. It can be challenging to finance a distressed property because the value is difficult for an appraiser to assess. In many states, all cash payments are required for distressed properties sold at auction. If you find a distressed property close to foreclosure, consider approaching the seller with a very lowball offer. Many lenders are motivated to move forward with the sale to avoid the foreclosure process.