Distressed Properties

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Distressed Properties, Foreclosures, Housing Market Updates /

\"4There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance […]

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure Read More »

6 Simple Graphs Proving This Is Nothing Like Last Time

Distressed Properties, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing /

\"6Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance […]

6 Simple Graphs Proving This Is Nothing Like Last Time Read More »

Are There Going to Be More Homes to Buy This Year?

Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Selling Myths /

\"AreIf you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of […]

Are There Going to Be More Homes to Buy This Year? Read More »

3 Ways Home Equity Can Have a Major Impact on Your Life

Distressed Properties, For Buyers, For Sellers, Foreclosures, Rent vs. Buy /

\"3There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM […]

3 Ways Home Equity Can Have a Major Impact on Your Life Read More »

3 Reasons We’re Definitely Not in a Housing Bubble

Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Selling Myths /

\"3Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]

3 Reasons We’re Definitely Not in a Housing Bubble Read More »

What Happens When Homeowners Leave Their Forbearance Plans?

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates /

\"WhatAccording 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 […]

What Happens When Homeowners Leave Their Forbearance Plans? Read More »

What Experts Are Saying about the 2021 Job Market

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates /

\"WhatEarlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at […]

What Experts Are Saying about the 2021 Job Market Read More »

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales /

\"WillAt 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 […]

Will Forbearance Plans Lead to a Tsunami of Foreclosures? Read More »

5 Steps to Follow When Applying for Forbearance

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates /

\"5If 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 […]

5 Steps to Follow When Applying for Forbearance Read More »

Chances of Another Foreclosure Crisis? “About Zero Percent.”

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates /

\"ChancesThere seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced […]

Chances of Another Foreclosure Crisis? “About Zero Percent.” Read More »