Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Financial Distress Event
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Financial Distress Event
Financial Distress Event refers to a Condominium Project or builder/developer that has: • sought protection under bankruptcy law; • been placed into receivership (mandated or voluntary); • been subject to foreclosure or any seizure of assets by creditors; or • offered a Deed-in-Lieu (DIL) of Foreclosure.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 18
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