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<v Speaker 1>It is done for your true real estate nine to

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<v Speaker 1>one one mid week update with your local real estate

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<v Speaker 1>pro Lisa True. Lisa, we know that markets change, times change,

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<v Speaker 1>and that means that in this case, the types of

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<v Speaker 1>distressed properties that are out there have changed. Tell us

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<v Speaker 1>about it.

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<v Speaker 2>Right now. We are seeing a new type of distress

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<v Speaker 2>caused by things like student loans, condo fees, AHOA fees increasing,

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<v Speaker 2>and here's a big one, insurance increasing. Many people are

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<v Speaker 2>really struggling with affordability now in their monthly payment. And

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<v Speaker 2>the good news compared to last time is many of

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<v Speaker 2>those people do have equity, not all of them, but

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<v Speaker 2>many of them do. But they're struggling and they really

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<v Speaker 2>need to look at the options and look at can

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<v Speaker 2>they afford that property with all of these changes that

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<v Speaker 2>have been going on.

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<v Speaker 1>What is it that people should be doing. If they're

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<v Speaker 1>beginning to struggle making those monthly payments, I think they need.

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<v Speaker 2>To look at is it a short term or is

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<v Speaker 2>it a long term issue? Has the affordability just changed

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<v Speaker 2>due to insurance increases, condo fees. Many people that have

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<v Speaker 2>even owned condos generationally can no longer afford those and

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<v Speaker 2>no longer makes sense. I believe the first one out

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<v Speaker 2>does the best, and you really need to kind of

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<v Speaker 2>be proactive on that. The other thing that's causing distress

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<v Speaker 2>unfortunately is divorce. We're seeing income household incomes being divided,

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<v Speaker 2>but expenses remaining the same. So you really have to

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<v Speaker 2>look at is a short term long term. If it's

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<v Speaker 2>a short term thing, you can probably hang in there,

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<v Speaker 2>keep your equity, keep your low interest loan. If it's

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<v Speaker 2>long term, you should deal with it sooner than later.

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<v Speaker 1>And speaking of sooner than later, if you have some challenges,

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<v Speaker 1>if you have questions, get in touch with the truth

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<v Speaker 1>sooner than later. They can help. Call five six one, nine, seven,

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<v Speaker 1>two eighty three, twenty six, visit True real Estate nine

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<v Speaker 1>one one dot com or just google True group that's

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<v Speaker 1>t r EU group