Distressed Properties

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Distressed Properties, Foreclosures, Housing Market Updates / By

\"WhatWhile 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 health crisis. When the forbearance program began, many experts were […]

There Won’t Be a Wave of Foreclosures in the Housing Market

Distressed Properties, Foreclosures, Housing Market Updates, Pricing / By

\"ThereWhen 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 like what happened after the housing bubble 15 years ago. […]

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing / By

\"Don\'tThere 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 media to a lone blogger – has realized that […]

Understand Your Options To Avoid Foreclosure

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales / By

\"UnderstandEven 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 little comfort to those individuals who are facing challenges today.If […]

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales / By

\"4With 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 this time After the last housing crash, about 9.3 […]

It’s Not Too Late To Apply For Forbearance

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Selling Myths / By

\"It’sOver 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

Distressed Properties, Foreclosures, Housing Market Updates / By

\"4There 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 […]