Category: Forclosures
Why You Shouldn’t Fear Today’s Foreclosure Headlines
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
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
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
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
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
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
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?
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?
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
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
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