Any piece of real estate that an investor would
be interested in. An ugly
house can have physical damage
and in need
of major repairs. A house can also be considered an Ugly
House due to an "ugly
situation" (Divorce/foreclosure/Loss of job).Ugly houses
are typically purchased for 50-60 cents on the dollar.
John's ugly house is going to foreclosure in two months
so he sold it to an investor to save some of his equity.
Mike's rental turned
into a crack house
, and he needs to sell this ugly house as soon