[teaboy]

Thanks, UR.
The wikipedia definition: A Forced Sale of Real Estate is an action taken in a civil court forcing the owners to sell the property at issue and divide the profits. The profits are divided, generally under a reliance damages theory, that would best restore the owners to the position they would have been in had the contract never been entered into.
http://en.wikipedia.org/wiki/Distress_sale

So is the above property a Short Sale or Distress Sale?

TB

[teaboy]

Thanks, UR.
The wikipedia definition: A Forced Sale of Real Estate is an action taken in a civil court forcing the owners to sell the property at issue and divide the profits. The profits are divided, generally under a reliance damages theory, that would best restore the owners to the position they would have been in had the contract never been entered into.
http://en.wikipedia.org/wiki/Distress_sale

So is the above property a Short Sale or Distress Sale?

TB

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