[GGrey]

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Housing has cooled off as you all know. That being said, most of the cooling is on the coasts. Baby boomers are driving up desirable lakefront properties all over the Midwest, but it isn't overnight. If you need $ now, the market isn't terrible for this kind of product. Get a broker who specializes in this to run some pricing models for your mom (be careful of the hard sell by the broker, though).

RE cycles vary, but we are clearly heading into a cooling period. Interest rates should increase or stay stable for at least the next 12 months.

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Thanks for the response. How can she go about finding someone who specializes in lakefront properties? She's reaching the point where it's either sell ASAP or succumb to foreclosure. She's fine financially otherwise, (this may not make sense...but..) but we'd really like to liquidate the property as soon as possible. Any advice?