What's my home worth?
1 post tagged with Foreclosures:
April 12, 2021
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, there are four reasons that won’t happen.1. Almost 50% Leave Forbearance Already Caught Up on Payments
According to the Mortgage Bankers Association (MBA), data through March 28 show that 48.9% of homeowners who have already left the program were current on their mortgage payments when they exited.6% made their monthly payments during their forbearance period7% brought past due payments current6% paid off their loan in full
This doesn’t mean that the over two million still in the plan will exit exactly the same way. It does, however, give us some insight into the . . .
What Buyers and Sellers Need To Know About the Appraisal Gap
August 31, 2021
The Community and Economic Impacts of a Home Sale
August 09, 2021
What You Should Do Before Interest Rates Rise
July 19, 2021
4 Major Incentives To Sell This Summer
July 12, 2021