home
 
house
LOW-BALL OFFER an offer from a prospective property buyer that is much lower than the listing price. Such an offer may indicate the buyer's belief that the property will not attract many good offers and that the asking price is unrealistic. Also, it probably means the buyer is interested in the property only if it can be purchased at a bargain price. Example: Although the house was listed at $180,000, Lowry made a low-ball offer of $120,000. The seller was at first insulted by the low offer, yet eventually agreed to sell the home to Lowry for $150,000.
foreclosures
 
LOW-INCOME HOUSING LIMITED PARTNERSHIPS LIMITED PARTNERSHIP interests in housing that is rented to qualified low-income tenants. These investments generally return a small annual cash distribution, with most of the return coming from tax deductions for interest and depreciation and/or tax credits.