What are Distressed Homes?
Foreclosures are considered to be distressed homes. The title doesn’t give them any justice today. In the past they used to be run down houses that were practically falling apart. Many people think this is still the case. However, it is not. As a matter of fact, distressed homes or foreclosures are just houses that people were unable to pay their mortgage on and now owned by the banks. They might look drab on the outside because weeds are growing all over the lawn but chances are good that most of the houses are in great condition on the inside. Most of the properties may need minor fixes like paint, carpeting, and ceiling fans but they are in a condition that is ready to move in to.