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Concerns With Sweet Gum Tree

I have what I believe is a sweet gum tree in the front yard. It is July and all of the leaves have turned red.

I know this is normal for the fall, but as I said it is July. There is noticeable moss on the bark and a light green flaking moss (?) on most of the branches and it appears to be missing spots of bark on many of the branches.
While taking the pictures I also noticed a lot of ant activity and some small holes around the trunk. Is this tree dying? Is there anything I can do? I have included a few pictures. One photo is the tree turning red, one is a look at one of the branches and the last is a closeup of the "mildew" or moss?

Thanks for the input!

By Ryan

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July 11, 20110 found this helpful

We finally got rid of the sweet gum tree in our yard. I think it was about 30 years old and such a pain in the. My husband hated it from day one (we've been in the house 2 years now) and finally paid to have it cut down. It was a beautiful shade tree but the sweet gum balls and leaves were just too much! I hope you can save your tree if you want to, but I can't imagine wanting to. Google sweet gum tree and see what people say about this particular pain!

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