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  • Writer's pictureDan Counter

The Financial Hardship Wave Is Here, And It's Real

We're at a pivotal moment in time; it's a period where many are grappling with real financial hardships, and it's critical to address it. Remember the 18-month moratorium on home payments? The relief was palpable; families breathed easier, thinking they'd dodged a financial bullet. But here's the catch: those 18 months are over, and the bills didn't disappear.

Instead, homeowners are now receiving notices from their banks that read something like, "You owe us $40,000, and it's due now." The safety net has vanished, and for those unable to meet these sudden demands, the looming threat of foreclosure becomes a harsh reality.

If you think the foreclosure process is quick, think again. It can take up to 9 to 11 months. Guess what? That period is ending too. As we speak, people are beginning to panic. They are confronted with a situation they don't know how to navigate, and they feel cornered.


But it's not just those who've deferred payments who are struggling. Even those who've consistently been financially responsible are also finding themselves burdened. Whether it's due to inflation or other rising costs that they had no control over, many are plunged into a state of financial hardship.


If this resonates with you, you're not alone. And you don't have to go it alone either. It's crucial to reach out to professionals who can guide you through this daunting period. Don't suffer in silence. Seek out advice and take the steps necessary to regain control over your financial destiny.


We have a history of helping people.

 

Dan Counter has been a Colorado Realtor for over 30 years and main mission is to give as much CashBack to his partners as possible.

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