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You Can’t Pay Your Mortgage? What Is Next?
Manage episode 354044972 series 3393023
LivXplore - Real Estate & Lifestyle and LivXplore - Real Estate द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री LivXplore - Real Estate & Lifestyle and LivXplore - Real Estate या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
As the economy shifts into what many economists anticipate will be a recession, unemployment will rise and there will be an inherent increase in distressed homeowners. In this episode, Sean Payne and Isaiah Chass of LivXplore - Real Estate & Lifestyle touch on the process involved when someone can’t afford their mortgage. From the initial notice of default there are various ways to navigate to a better position. As this process progresses, it will eventually reach the foreclosure process where a distressed homeowner’s options dwindle. Ultimately, if you are in this situation, you want to address it sooner rather than later. There is nothing worse for a distressed homeowner than putting their head in the sand and not taking the steps initially to get them out of this situation.
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