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Foreclosures

12 May

Posted at 10:00h in Blog, Distressed Properties, Foreclosures, Housing Market Updates by
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While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the...

06 Jan

Posted at 11:00h in Blog, Distressed Properties, Foreclosures, Housing Market Updates, Pricing by
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When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures...

23 Nov

Posted at 11:00h in Blog, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing by
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There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream...

08 Sep

Posted at 10:00h in Blog, Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales by
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Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s...

28 Jul

Posted at 10:00h in Blog, Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales by
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With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble...