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Wednesday, February 3, 2010

Causes of DISTRESS that could lead to SHORT SALE or FORECLOSURE

What are some of the "recognized" causes of DISTRESS?
1. Increase in mortgage payment
2. Loss of job or business
3. Damage to the property
4. Death of a spouse or wage earner
5. To much debt
6. Severe illness
7. Inheritance
8. Divorce
9. Relocation
10. Military Service
11. Insurance or Tax increase
12. Incarceration

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