distress sale

**Distress Sale**

A distress sale refers to the urgent selling of assets, property, or goods at a significantly reduced price, typically due to financial difficulties, legal troubles, or other compelling reasons. This type of sale is often driven by the need to quickly liquidate items to generate cash or avoid further losses. In real estate, distress sales may involve properties facing foreclosure or owners needing to sell rapidly under unfavorable market conditions. Understanding distress sales can help buyers find potential bargains while also recognizing the risks and circumstances associated with these transactions.