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These seven guidelines will help you a property becomes distressed when its owner is unable to keep up with the financial obligations of ownership.
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Distressed properties do come with a significant amount of risk, but they can be an excellent investment when done correctly. Distressed property is in danger of or already in foreclosure. The owner sells his/her property or asset at a price much less than its fair value. How to sell a distressed property. This could be due to defaulting on.
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Unfortunately, i spent more time wishing there was a better way to reach homeowners who needed to sell quickly than i ever did closing on deals.
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