What’s in your house?

November 25, 2008

If you are facing any kind of a financial crisis, it’s clear you should look for a way to reduce your spending and increase your income.

Some people may have valuable items sitting in their homes and don’t even realize it.

CNN did a story about trash haulers who are making big bucks off of the wave of foreclosures. Many people leave their homes without taking their possessions, even very personal things like family photos. The banks left holding the properties have to clean them out.

It’s sad that people just leave everything behind. It’s also sad that they don’t look to see what they have in their homes that could help them through their financial bind.

The trash haulers interviewed in the CNN story said they have found valuable things left behind, including a painting appraised at $11,000!

I wonder if that homeowner even knew what they had. That’s a lot of money. Maybe it could have helped them to save their home, or provided them with some seed money to start over again.

Not all of us have valuable art sitting around in our homes, but if you’re experiencing financial difficulty, it couldn’t hurt to look around.

One of my family members discovered a set of silverware tucked away in a piece of furniture given to them by another family member. It turned out to be worth thousands. They don’t need the money right now, but it’s nice to know they have an insurance policy of sorts if they are ever in a situation where they need cash.

If you are looking for ways to pay off credit card debt or you’re facing the possibility of foreclosure — in addition to calling Advantage CCS for help — assess what you have in case you own something that could give you some financial help.

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