A distressed home is a dwelling occupied by the owner as the owner's primary residence in a single, duplex, triplex, or four-plex residential building that is in the process of foreclosure or in danger of forclosure or is at risk of loss due to unpayment of taxes.
A new assortment of laws were passed recently to protect both buyers and sellers of distressed homes.
Make sure you talk to the Kronen Group so that you are fully aware of the new forms, guidelines, and laws regarding distressed homes.
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