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
Category: Distressed Properties
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4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
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
6 Simple Graphs Proving This Is Nothing Like Last Time6 Simple Graphs Proving This Is Nothing Like Last Time
Last 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
Are There Going to Be More Homes to Buy This Year?Are There Going to Be More Homes to Buy This Year?
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
3 Ways Home Equity Can Have a Major Impact on Your Life3 Ways Home Equity Can Have a Major Impact on Your Life
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)
3 Reasons We’re Definitely Not in a Housing Bubble3 Reasons We’re Definitely Not in a Housing Bubble
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
What Happens When Homeowners Leave Their Forbearance Plans?What Happens When Homeowners Leave Their Forbearance Plans?
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
Chances of Another Foreclosure Crisis? “About Zero Percent.”Chances of Another Foreclosure Crisis? “About Zero Percent.”
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
Why the 2021 Forecast Doesn’t Call for a Foreclosure CrisisWhy the 2021 Forecast Doesn’t Call for a Foreclosure Crisis
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
Why Today’s Options Will Save Homeowners from ForeclosureWhy Today’s Options Will Save Homeowners from Foreclosure
Many 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