No lender wants to foreclose on a property. Not only is it a hassle to take back a property that you loaned someone the money to buy, but it can cost the lender hundreds of thousands of dollars in time, manpower, effort and in direct cash losses when they have to deal...
Vacant properties have to be maintained. If they aren’t, they rapidly decrease in appeal and value and pose a higher risk to you as the owner. When you’re holding a vacant property, you want to make sure it remains in good condition while finding a buyer. Vacant...
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