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Category: Forclosures

    Why You Shouldn’t Fear Today’s Foreclosure Headlines

    By Danny Cheung | January 25, 2023

    Right now, putting the data into context is more important than ever. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in home prices. Read More

    Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

    By Danny Cheung | November 30, 2022

    If you see headlines about the increasing number of foreclosures today, remember context is important. While it’s true the number of foreclosures is higher now than it was last year, foreclosures are still well below pre-pandemic years. If you have questions, let’s connect. Read More

    Why the Forbearance Program Changed the Housing Market

    By Danny Cheung | August 8, 2022

    The forbearance program was a game changer for homeowners in need. It’s one of the big reasons why we won’t see a wave of foreclosures coming to the market. Read More

    Why a Wave of Foreclosures Is Not on the Way

    By Danny Cheung | November 4, 2021

    The data indicates why Ivy Zelman, founder of the major housing market analytical firm Zelman and Associates, was on point when she stated: “The likelihood of us having a foreclosure crisis again is about zero percent.” Read More

    Understand Your Options To Avoid Foreclosure

    By Danny Cheung | September 8, 2021

    If you’re a homeowner facing hardship, let’s connect to explore your options and see if you can sell your house to avoid foreclosure. Read More

    4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

    By Danny Cheung | July 28, 2021

    As Ivy Zelman, founder of the major housing market analytical firm Zelman & Associates, notes: “The likelihood of us having a foreclosure crisis again is about zero percent.” Read More

    t’s Not Too Late To Apply For Forbearance

    By Danny Cheung | May 12, 2021

    Like many Americans, your home may be your biggest asset. By acting quickly, you might be able to take advantage of critical relief options to help keep you in your home. Even if you tried to apply at the beginning of the pandemic and for some reason it didn’t work out, try again. Contact your mortgage provider today to determine if you qualify. If you have additional concerns, let’s connect to answer your questions and determine if there are other mortgage relief options in our area as well. Read More

    What Happens When Homeowners Leave Their Forbearance Plans?

    By Danny Cheung | January 27, 2021

    According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program... Read More

    Will Forbearance Plans Lead to a Tsunami of Foreclosures?

    By Danny Cheung | January 13, 2021

    At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on... Read More

    5 Steps to Follow When Applying for Forbearance

    By Danny Cheung | December 14, 2020

    If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s not automatic.... Read More