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Distressed Properties

14 Dec

Posted at 11:00h in Blog, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates by
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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...

18 Nov

Posted at 11:00h in Blog, Distressed Properties, For Sellers, Foreclosures, Housing Market Updates by
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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...

21 Oct

Posted at 10:00h in Blog, Distressed Properties, Foreclosures, Housing Market Updates by
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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 increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would...

15 Oct

Posted at 10:00h in Blog, Demographics, Distressed Properties, Foreclosures, Housing Market Updates by
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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...