distressed properties

The sale of distressed mortgages is far less publicized than talk of the market for foreclosed properties. But these loans are being actively traded—in 2011 this activity included 149,000 loans which translates to roughly $26 billion in trades.
May 27, 2012   Shelterforce Magazine
City of Buffalo program has inspired a small and growing movement of "homesteaders" who are buying City-owned houses for one dollar and rehabbing them.
Apr 14, 2011   WKBW.com