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3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life

by Barbara Corregano | Feb 17, 2021 | Buyers & Sellers, Foreclosures

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased...
3 Reasons We’re Definitely Not in a Housing Bubble

3 Reasons We’re Definitely Not in a Housing Bubble

by Barbara Corregano | Feb 9, 2021 | Buyers & Sellers, Distressed Properties, Foreclosures

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three...
What Happens When Homeowners Leave Their Forbearance Plans?

What Happens When Homeowners Leave Their Forbearance Plans?

by Barbara Corregano | Jan 27, 2021 | Buyers & Sellers, Foreclosures, Housing Market Updates

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...
5 Steps to Follow When Applying for Forbearance

5 Steps to Follow When Applying for Forbearance

by Barbara Corregano | Dec 14, 2020 | Buyers & Sellers, Demographics, Foreclosures, Housing Market Updates

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

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

by Barbara Corregano | Nov 18, 2020 | Distressed Properties, Foreclosures, Housing Market Updates, Sellers

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...
Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

by Barbara Corregano | Nov 5, 2020 | Distressed Properties, Foreclosures, Housing Market Updates, Sellers

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in...
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