May mean that the property is in a poor state of repair Mortgage borrowers who can no longer meet the payments for their mortgaged property may opt to sell their property to pay off the mortgage.
Homes in Foreclosure
Involuntary Foreclosure: When a borrower defaults on a home mortgage loan and the lender initiates proceedings to take possession of the house and sell it to recover the debt.
Handy Man Specials
Properties that are not in peak condition. They are usually in need of repairs, but the degree of repairs each property requires can vary greatly. Some properties may only need basic repairs and clean-up, while others could need substantial repairs.