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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 [...]

Are We About to See a New Wave of Foreclosures?

By |2020-03-19T03:00:00-07:00March 19th, 2020|Categories: For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

With 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, [...]

Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

By |2020-05-15T13:36:48-07:00May 22nd, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, Real Estate|

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According to the 2019 Home Buyer Report from NerdWallet, “Thirteen [...]

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 [...]

Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC]

By |2016-09-23T10:00:34-07:00September 23rd, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Infographics, Move-Up Buyers, Real Estate|

Some Highlights:Only 2.9% of homes are in serious delinquency, down 17.1% from July 2015.This is the 57th consecutive month with a year-over-year decline.The national foreclosure rate has returned to August 2007 levels, at only 0.9%.Powered by WPeMatico

Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]

By |2016-06-17T10:00:45-07:00June 17th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Infographics, Move-Up Buyers, Real Estate|

Some Highlights:According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative [...]