Category: foreclosure

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

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

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

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...

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review! 0

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review!

More good news for distressed homeowners who may need to do a short sale can be found at this link. Timelines for those with mortgages held by Fannie and Freddie will get faster answers with a requirement of 30 to 60 days turnaround. If a short sale is countered by...

HAFA has some silver lining changes for underwater homeowners! 0

HAFA has some silver lining changes for underwater homeowners!

The following content comes from membership with the Certified Distressed Property Expert designation, run by Alex Charfen. It’s some really good news for homeowners who are struggling with house payments but who have kept current despite being heavily underwater in value, preventing a refinance. Major Changes Announced for HAFA Posted:...