Distressed Sale

A distressed sale is when things (be in property, household items, cars, stocks, and any other assets) are sold ASAP in exchange for some much-needed cash.

This emergency liquidation usually occurs when borrowers need to pay their debt and...can't, for whatever reason. Distressed sales might also happen because people can't afford to pay their sky-high medical bills, foreclosures, divorce, or other unexpected emergencies.