The term, "distressed properties" has always seemed rather amusing to me. It makes me think of a property that is sad or somewhat out of sorts, even lonely. When you think about it, a property cannot re
ally be distressed. A house can be rundown and in need of repair, but that doesn't necessarily mean it's distressed. I know a lot of people who live in run-down properties and they're happy as can be to be living there.