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

By |2020-11-18T04:00:47-07:00November 18th, 2020|Categories: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

There 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 [...]

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

By |2020-11-05T04:00:52-07:00November 5th, 2020|Categories: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

As 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 [...]

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

By |2020-10-15T03:00:34-07:00October 15th, 2020|Categories: Demographics, Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

Earlier 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 [...]

Forbearance Numbers Are Lower than Expected

By |2020-08-20T03:00:21-07:00August 20th, 2020|Categories: Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

Originally, 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. [...]

Why Foreclosures Won’t Crush the Housing Market Next Year

By |2020-08-12T03:00:37-07:00August 12th, 2020|Categories: Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

With 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 [...]

The Foreclosure Crisis: 10 Years Later

By |2020-05-15T13:37:06-07:00March 23rd, 2017|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day.With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire foreclosure [...]

Sales of Distressed Properties Hit New Low

By |2016-10-24T10:00:24-07:00October 24th, 2016|Categories: Distressed Properties, For Sellers, Real Estate|

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.Below is a graph that shows just how far [...]