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· by Reba Haas · 11 Aug, 2022
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...
Agent / agent advice / Appraisal / Buying / Equity / Financing / For Buyers / Forbearance / listing agent / seller advice / Team Reba / team reba tips
· by Reba Haas · 9 Aug, 2022
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 on their payments...
Agent / Case Studies / Equity / financial matters / Financing / financing/lending / Forbearance / Foreclosure / foreclosure / mortgage / Team Reba
· by Reba Haas · 27 Jun, 2022
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...
Equity / financial matters / Financing / financing/lending / Forbearance / Interest Rates / loan modification / Loans / mortgage
· by Reba Haas · 8 Jun, 2022
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 are...
