White House promised more help to avoid foreclosures



The national moratorium on federally backed mortgage foreclosures is set to expire at the end of the week, and the White House has responded by promising more financial aid to struggling homeowners. Data from Black Knight shows that around 1.5 million U.S. homeowners are still seriously delinquent on their mortgages, which means they have failed […]

Foreclosure activity rises, prompting fears of more to come



Housing market analysts have raised concerns that we could see a rise in foreclosures once COVID-19 pandemic-related moratoriums end, and indeed, activity is already increasing even with those bans in place. A report from ATTOM Data Solutions this week shows that foreclosure filings in March rose by 5% compared to the previous month, even as […]

Foreclosures remain low as moratoriums stay in place



Foreclosure activity in the U.S. remains low due to the continuation of moratoriums ordered by federal and state governments in the early stages of the coronavirus pandemic, even as mortgage delinquencies rise. “It’s inevitable that there will be a significant increase in foreclosures once these moratoriums have expired, although it’s unlikely that we’ll see default […]

How and When to Buy Foreclosure Property



This article might be premature because across most of the country home sales continue happening rapidly. Still, investors are looking at the current economic situation and anticipating that a spike in foreclosures is on the horizon. Many of these will be new investors that don’t have experience with pre-foreclosures, foreclosures, and short sales that occurred […]

Freddie Mac warns of mortgage aid scammers



Scammers are reportedly targeting homeowners with fake offers of financial aid at a time when many are struggling to pay their mortgages due to the coronavirus outbreak. In one example, Freddie Mac last week warned of a new scam that saw borrowers receive fake calls impersonating the mortgage giant, offering low interest rates and other […]

Short Sales: What Buyers Need to Know



Buyers looking for a bargain often ask their agents about short sales and foreclosures, hoping to get a property at bargain pricing. But when they don’t educate themselves about these types of properties, some buyers find themselves in for more than they bargained for. What is a short sale?A short sale gets its name because […]