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It’s Not Too Late To Apply For Forbearance

By |2021-05-12T03:00:41-07:00May 12th, 2021|Categories: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Real Estate, Selling Myths|

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. [...]

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

By |2021-04-12T03:00:13-07:00April 12th, 2021|Categories: Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

There 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 [...]

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

By |2021-02-25T04:00:36-07:00February 25th, 2021|Categories: Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate, Selling Myths|

If 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 [...]

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

By |2021-02-17T04:00:39-07:00February 17th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Real Estate, Rent vs. Buy|

There 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 Reasons We’re Definitely Not in a Housing Bubble

By |2021-02-09T04:00:46-07:00February 9th, 2021|Categories: Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Real Estate, Selling Myths|

Home 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. [...]

What Happens When Homeowners Leave Their Forbearance Plans?

By |2021-01-27T04:00:21-07:00January 27th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

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 [...]

What Experts Are Saying about the 2021 Job Market

By |2021-01-21T04:00:49-07:00January 21st, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

Earlier 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 [...]

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

By |2021-01-13T04:00:43-07:00January 13th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Real Estate, Short Sales|

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 [...]

5 Steps to Follow When Applying for Forbearance

By |2020-12-14T04:00:18-07:00December 14th, 2020|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate|

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 [...]

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 [...]