Recessionary Pressure and Real Property
We are in a down market, and by various indicators, at least
recessionary in nature. It is during these times that clients
panic about investments and their real property assets.
Statistics consistently show that clients lose equity and
money by selling in these down markets.
Various alternatives are available: reverse mortgages,
refinancing and lease options all have the potential of
weathering difficult economic times for our clients.
Additionally, new bankruptcy laws provide 'homestead
exemptions' for clients to retain some of their assets,
including their family homes, while seeking the legal relief
offered in bankruptcy court.
Demanding times require careful consideration of options. Feel
free to contact us if you want
further options or explanations.