FORECLOSURE is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. The longer you wait, the greater the chance of loosing your property.
INHERITANCE refers to the assets that an individual bequeaths to their loved ones after they pass away. An inheritance may contain cash, investments such as stocks or bonds, and other assets such as jewelry, automobiles, art, antiques, and real estate. The longer you wait to do something about this property, you face indebtness for repairs, fines, and taxes, as well as foreclosure by the county or foreclosure by those who has collateral in the property.
TIRED LANDLORD from a real estate perspective, a tired landlord is a person who owns rental properties but no longer wants to be a landlord because they are tired or stressed out. There are several reasons a person may want to get out of their rental house. They have too many rental properties they are unable to manage. The longer you wait to solve this problem, the better the chance of the property being destroyed or the tenant not paying. Meanwhile, you loose money!