Distressed property definition

Distressed property means residential real property consisting

Distressed property means any residential real property that:

Distressed property means residential real property consisting of one to 6 family dwelling units that is in foreclosure or at risk of loss due to nonpayment of taxes, or whose owner is more than 30 90 days delinquent on any loan that is secured by the property.

Examples of Distressed property in a sentence

• The Licensee shall bear all costs associated with moving or removing the Pipes and Licensee hereby agrees that the City shall have no duty to replace the Pipes.

• LRB094 18521 LCT 53849 b 1 "Distressed property purchaser" means any person who 2 acquires any interest in a distressed property while allowing 3 the owner to possess, occupy, or retain any present or future 4 interest in the property.

• Distressed property sales and marketing; real estate flipping; timeshares including resales and related marketing.

• Distressed property or parcels which carry liabilities may have no place in the Foundation’s portfolio and may be refused by the Foundation.

• Distressed property can be purchased after a foreclosure sale in much the same way as property is purchased before a foreclosure sale.

More Definitions of Distressed property

Distressed property means a parcel of real property that is subject 27 to a tax lien or liens with a lien or liens to value ratio equal to or greater than 15%, as

Distressed property means a property that is under a current (1) notice of default or

Distressed property means a property that is under a current (1) pending foreclosure or tax lien sale; (2) properties that have been the subject of foreclosure sale where the title was retained by the lender or beneficiary of a deed of trust involved in the foreclosure; and/or (3) any properties transferred under a deed in lieu of foreclosure. “Distressed property” also can include property that is vacant as a result of probate or the death of the owner of record.

Distressed property means a residential property that is occupied by a person(s) having the right to use or having right of possession of the property and under a current notice of default and/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 deed in lieu of foreclosure/sale.

Distressed property means real property that is (a) the

Distressed property means real property that is subject to a tax lien where the lien is equal to or greater than 15% of the value of the property, as determined by the Baltimore City Department of Housing and Community Development, and that:

Distressed property means residential real property consisting of from one to four dwelling units, at least one of which is occupied by the owner as a primary residence, and which is the subject of a mortgage foreclosure proceeding or whose owner is more than 90 days delinquent on any loan that is secured by the property. “Distressed property purchaser” means a person who acquires an interest in a distressed property through a distressed property conditional conveyance or a distressed property conveyance, or a person who participates in a joint venture or joint enterprise involving a distressed property conditional conveyance or a distressed property conveyance. The term “distressed property purchaser” does not mean a federally insured financial institution or a person who acquires distressed property through a deed in lieu of foreclosure or a person acting in participation with any person who acquires distressed property through a deed in lieu of foreclosure, provided that person does not promise to convey an interest in fee back to the owner or does not give the owner an option to purchase the