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Foreclosures

09 Feb

Posted at 11:00h in Blog, Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Selling Myths by
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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...

27 Jan

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

21 Jan

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

13 Jan

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

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...