Archive for the ‘Finance and Mortgages’ Category
Selling Structured Settlement to Pay for Foundation Repair
September 30th, 2010 | 
Author: The foundation is a very important part of your home. It is the base that supports the house in order for it to stay firm and solid. Damages to the foundation would result to problems that can jeopardize your entire home structure. If there is a major damage to your house’s foundation, the cost of the repair can be very expensive. However, since it could be your entire house at stake if you don’t deal with this foundation damage soon, this may be worth selling your structured settlement for.
Depending on the types of professionals needed to assess the damage and the amount of the equipment required to repair it, the cost of the foundation repair can range from a couple of hundred dollars to thousands of dollars. A simple, seemingly undamaging crack in a poured concrete wall costs an average of $800 to $1,500. A typical foundation repair that requires hydraulic piercing would steal about $10,000 to $14,000 from your savings. You do not need to sell your entire structured settlement in this kind of situation; selling a part of it may be enough to cover the expenses associated with the foundation repair.
Your structured settlement is indeed an important financial aid in a regular basis. However, for household repairs that are as important and as expensive as a foundation repair, the amount of money you receive each month from the settlement may not be enough to pay for the repair expenses and hence you may find it necessary to sell a part of your structured settlement.
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