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Do you know what "Distress Sale" means?
 
  
  • See also: Real Estate Glossary

    • Possession

    The buyer occupying the property that is purchased or a tenant occupying the property that is leased. In a real estate sale, possession is rarely granted prior to closing when the seller receives their funds.

    See also:
  • Payment
  • Payment Cap
  • Personal Liability
  • PITI
  • Planned Unit Development
  • Plat
  • Points
  • Possession
  • Prepaid
  • Prepayment Penalty
  • Prequalification
  • Principal
  • Private Mortgage Insurance
  • Property Tax
  • PUD
  • Purchase and Sale Agreement
    •  
  • See also: Real Estate Glossary

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