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Category: Foreclosures

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

    By Monica Young | May 12, 2022

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

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

    By Monica Young | January 6, 2022

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

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

    By Monica Young | November 23, 2021

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

    Why a Wave of Foreclosures Is Not on the Way

    By Monica Young | November 4, 2021

    Why a Wave of Foreclosures Is Not on the Way With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble... Read More

    Understand Your Options To Avoid Foreclosure

    By Monica Young | September 8, 2021

    Understand Your Options To Avoid Foreclosure 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 little comfort to those individuals who... Read More

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

    By Monica Young | July 28, 2021

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

    It’s Not Too Late To Apply For Forbearance

    By Monica Young | May 12, 2021

    It’s Not Too Late To Apply For Forbearance 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 extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said,... Read More

    4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

    By Monica Young | April 12, 2021

    4 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 there could potentially be millions of foreclosures ready to hit the market. However,... Read More

    Are There Going to Be More Homes to Buy This Year?

    By Monica Young | February 25, 2021

    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 sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association... Read More

    What Happens When Homeowners Leave Their Forbearance Plans?

    By Monica Young | January 27, 2021

    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 of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current... Read More