Foreclosures

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 […]

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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 […]

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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 […]

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Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

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

\"WhyAs the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This […]

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Why Today’s Options Will Save Homeowners from Foreclosure

Distressed Properties, Foreclosures, Housing Market Updates /

\"WhyMany housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, […]

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Do You Need to Know More about Forbearance and Mortgage Relief Options?

Demographics, Distressed Properties, Foreclosures, Housing Market Updates /

\"DoEarlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a […]

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Forbearance Numbers Are Lower than Expected

Distressed Properties, Foreclosures, Housing Market Updates /

\"ForbearanceOriginally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely. […]

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Why Foreclosures Won’t Crush the Housing Market Next Year

Distressed Properties, Foreclosures, Housing Market Updates /

\"WhyWith the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of […]

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Two Reasons We Won’t See a Rush of Foreclosures This Fall

Foreclosures, Housing Market Updates /

\"TwoThe health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a […]

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Are We About to See a New Wave of Foreclosures?

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

\"AreWith all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this, […]

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