The phrase represents a common search query used by potential homebuyers interested in properties being sold for less than the outstanding mortgage balance owed to the lender. These distressed properties often present opportunities for buyers, but navigating the process requires careful consideration of the associated complexities.
Understanding the implications of pursuing such acquisitions is crucial. Potential benefits include acquiring a property at a reduced price. Historically, interest in these types of transactions fluctuates in relation to economic downturns and foreclosure rates, impacting the availability and appeal of related properties.
