I just walked through a foreclosure this morning that I have an accepted contract on for a buyer. It is a beautiful condo overlooking Lake Huron. In the past these condos sold for $400,000 give or take. I also recently listed a foreclosure on a couple of acres that is a modular home and it is listed for $49,000. What strikes me anytime I walk through a foreclosed property or speak to a distressed seller is this:
When it comes to someone losing their home, second home or business due to financial or health related hardships; it is sad. I always get a sense of sadness because it doesn't matter if it was a rich person or someone struggling to make it paycheck to paycheck, no one likes to see the notices taped to the front door. No one likes to lay awake at night trying to figure out how to make the payment. No one likes to lose something they have worked hard to get.
In my opinion, it really doesn't matter how rich or poor you are, if your life has taken a turn and you start losing the things that you have worked for or are lying awake at night trying to figure things out, it is hard. Being in a position of financial hardship is stressful and takes its toll on your life and health. We don't know what is happening in the life of our neighbor or the guy behind the counter at the coffee shop. They have their owns struggles that they are dealing with and they may be better off or worse off than you think. So I try to remember that houses are just houses and money is just paper and what really matters are the things in life that can not be spent or sold.
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