Distressed Seller Paradox (retitled after the above post came in while I was drafting)
What is the moral problem with buying from a distressed owner.
It will be sold by the seller or the lender. If everyone avoids buying from a distress buyer, the property will have no value.
There may be a legal dilemma. If you are an investor do not buy a home from a seller who has received a Notice of Default unless you are very cognizant of the laws sanctioning things like home equity skimming and “foreclosure advisors”. The home equity law is particularly onerous.
