Distressed definition

Distressed means satisfying the criteria applicable to a locality described in subdivision E 2 of

Distressed means a property that is under a current notice of default and/or notice of trustee's sale and/or pending tax assessor's lien sale or has been foreclosed upon by the trustee or has been conveyed to the beneficiary/trustee via a deed in lieu of foreclosure/sale.

Distressed means a property that is the subject of a pending foreclosure suit, has been foreclosed upon by the foreclosing entity, is set for sheriff's sale, has been sold at a sheriff's sale or has been conveyed to the mortgagee via a deed in lieu of foreclosure.

Examples of Distressed in a sentence

• As a result, two distinct clearance patterns emerge: Clearance Pattern A -- Distressed Facility Checks, and Clearance Pattern B -- Regular Facility Checks.

• The SUBRECIPIENT shall expend the allocation as follows: Most Impacted and Distressed (MID) Furthermore, “not to exceed” line items and activity budgets under this Agreement shall be identified within the approved budget under the Project Budget and Expense (Sources and Uses) Worksheet.

• As noted within the Agreement, the Subrecipient’s allocation of CDBG-DR funding for this project is broken down in the following manner: Most Impacted and Distressed (MID Activity Funds (Direct Project Costs) $7,919,916.00 Activity Delivery Funds $416,837.00 Total $8,336,753.00 The information provided under this Exhibit is retrieved from the Subrecipient Agreement and the Subrecipient’s approved application in response to the Public Facilities Infrastructure Program NOFA.

More Definitions of Distressed

Distressed means any building, structure or real property that is subject to a current notice of default and/or notice of trustee's sale, pending tax assessors lien sale and/or any real property conveyed via a foreclosure sale resulting in the acquisition of title by an interested beneficiary of a deed of trust, and/or any real property conveyed via a deed in lieu of foreclosure/sale, regardless of vacancy or occupancy by a person with no legal right of occupancy.

Distressed means an asset that is financially distressed or

Distressed means a property that meets any of the following conditions:

Distressed means a property that is under a current notice of default, or notice of trustee's sale, or pending tax assessor's lien sale or has been foreclosed upon by the trustee or has been conveyed to the beneficiary or trustee via a deed in lieu of foreclosure or sale.

Distressed means an asset that is:

Distressed means a property that is under a current notice of default and/or notice of

Distressed means any condition that on its own or combined with other conditions present would lead a reasonable person to believe that a property is neglected, abandoned or otherwise not being regularly maintained. Such conditions include, but are not limited to: a repeat violation of any provision of this Code, as defined in F.S. § 162.04(5) or violations which have not been complied; overgrown and/or dead vegetation; the accumulation of trash, junk and/or debris; unsecured doors, windows or other openings; the presence of an unsanitary, stagnant swimming pool, the presence of boards over doors, windows or other openings in violation of the City Code; deterioration of the structure or structures on the property.