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When is my property a distressed property?
Are you in Trouble PDF Print E-mail
Written by Jon Zolsky   
Wednesday, 10 December 2008 20:26

If you've missed, or are going to miss, one mortgage payment and aren't 100% sure you'll be able to make 2 payments in the next 30 days, your property is "Distressed'.  It is so very important to know that every day you leave your financial well-being to chance, is another day of working to protect it you have lost.

Those that recognize impending financial trouble early, are in a far better position to do something about it than those who wait and hope that everything will be OK.

Families are loosing their homes every day.  Families who didn't have to.  This section is devoted to providing realistic, useful information about how to deal with impending financial difficulties.  It's never easy to ask for help, so don't wait until you have to.  Even if you're 90% sure you'll pull through, the old adage still holds true.  "Hope for the best, and prepare for the worst."

If you've found this information and know someone who could benefit from it.  Please feel free to click the e-mail or print buttons at the top of any article and pass them on.  We don't capture these email addresses, and don't send unsolicited emails.

While this information pertains specifically to the State of Florida, it is possible that some or all of this information is valid in your state.  Use it for referential purposes only, but do use it.  Contact your family Attorney or Real Estate Professional where necessary.

Last Updated on Wednesday, 10 December 2008 20:28
 
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