distressed properties

In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak economy. As part of a new series, DailyFinance takes a look at one town near New York City that is still struggling with the effects of the great real estate bust.

A joint venture between Tom Barrack's Colony Capital LLC and Cogsville Group LLC won the bidding for a portfolio of distressed real-estate loans auctioned off by the Federal Deposit Insurance Corp. The two companies will purchase a 40% stake in a $1.85 billion portfolio of commercial-property...

With more and more "distressed" (foreclosed) homes up for sale, a bank-owned home may be the way to go if you are considering buying a house. But experts say buying from a bank is very different than buying a home from an individual. With that in mind, here are some expert tips on how to buy a...

A fairly large percentage of homes selling nowadays are so-called "distressed properties" -- homes that were lost to their previous owners through foreclosure. Their prices are lower and, without doubt, there are bargains to be had so long as you are employed (or have a thriving business) and a...