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Distressed Properties

What Happens When Homeowners Leave Their Forbearance Plans?

January 27, 2021 by Jeffrey B Thompson

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 ... » Learn More about What Happens When Homeowners Leave Their Forbearance Plans?

Filed Under: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate Tagged With: Real Estate, Simplifying The Market

What Experts Are Saying about the 2021 Job Market

January 21, 2021 by Jeffrey B Thompson

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 give it some ... » Learn More about What Experts Are Saying about the 2021 Job Market

Filed Under: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate Tagged With: Real Estate, Simplifying The Market

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

January 13, 2021 by Jeffrey B Thompson

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. ... » Learn More about Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Filed Under: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Real Estate, Short Sales Tagged With: Real Estate, Simplifying The Market

5 Steps to Follow When Applying for Forbearance

December 14, 2020 by Jeffrey B Thompson

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 ... » Learn More about 5 Steps to Follow When Applying for Forbearance

Filed Under: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Real Estate Tagged With: Real Estate, Simplifying The Market

Chances of Another Foreclosure Crisis? “About Zero Percent.”

November 18, 2020 by Jeffrey B Thompson

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 crash of 2006-2008, ... » Learn More about Chances of Another Foreclosure Crisis? “About Zero Percent.”

Filed Under: Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Real Estate Tagged With: Real Estate, Simplifying The Market

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Jeffrey B Thompson
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