Category: foreclosure

Why the Forbearance Program Changed the Housing Market

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so...

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

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. Though 29.4% of those in forbearance have...

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. There are fewer homeowners in trouble this time After the...

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 the uncertainty created by the health crisis. When the forbearance...

Why This Housing Market Is Not a Bubble Ready To Pop

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans...

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 foreclosures like what happened after the...

Open House with Team Reba

Episode #173 – How Real Estate has Adapted During COVID-19

On this week’s episode of “Open House with Team Reba”, we discuss how the real estate and mortgage industries have adapted during the current crisis. We went from being shut down completely for a week to being considered “limited essential”, so if you’re still looking to buy or sell and...

Team Reba gets interviewed on 1300 Business Radio KKOL show, Sound Advice! 0

Team Reba gets interviewed on 1300 Business Radio KKOL show, Sound Advice!

Here at Team Reba we’re always talking about real estate education and recently we were asked to participate on the show Sound Business.  Here is the full interview in the 3 segments used for the show. In the interview, we discuss why Reba Haas went into real estate and the...

Bank of America about to start using Auctions.com to promote short sales in 2013 0

Bank of America about to start using Auctions.com to promote short sales in 2013

Sat in on a CDPE call regarding Bank of America and updates to their short sale process, including the use of www.Auctions.com and improvements in the cooperative short sale process. Good info as we’re about to take on a listing that was originally going to fit into this except they...

Support for extending the Mortgage Debt Relief Act for underwater homeowners… 0

Support for extending the Mortgage Debt Relief Act for underwater homeowners…

I receive the daily DS News newsletter emails, and I find almost daily something that I’m interested in reading and that does affect my clients, prospects and friends/family. In today’s newsletter there is an article discussing the Mortgage Debt Relief Act (MDRA) which was enacted in 2007, a little item...