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US Real Estate

How and When to Buy Foreclosure Property

By Brian Kline | July 19, 2022
This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. properties with a foreclosure filing. The trend is up 39% from the previous quarter and up 132% from […]
Mortgage, Real Estate

Spike in foreclosures is unlikely, analysts say

By Mike Wheatley | July 8, 2021
Forbearance programs for federally backed mortgages are rapidly coming to an end, but the National Association of Realtors has said its research shows that there won’t be a glut of foreclosed homes hitting the market, as some had warned. The national forbearance moratorium will end on July 31, but most homeowners are expected to end […]
Featured News, US Real Estate

Investors wait to capitalize on pandemic-related foreclosures

By Mike Wheatley | September 25, 2020
Investors are rubbing their hands with glee at the prospect of a surge in repossessed homes as millions of homeowners are believed to have fallen behind on their mortgage repayments, putting them at risk of losing their homes once moratoriums end. The Wall Street Journal says that investors are expecting a “potential bonanza” of distressed […]
Foreclosures, US Real Estate

Foreclosures remain low as moratoriums stay in place

By Mike Wheatley | August 18, 2020
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 […]
Foreclosures

How and When to Buy Foreclosure Property

By Brian Kline | July 27, 2020
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 […]
Mortgage, US Real Estate

FHFA extends moratorium on foreclosures and evictions

By Mike Wheatley | May 18, 2020
The moratorium on foreclosures and evictions for Fannie Mae and Freddie Mac-sponsored mortgages has been extended until at least June 30, according to the Federal Housing Finance Agency. The FHFA said the moratorium, originally set to expire May 17, has been extended as the U.S. continues to suffer from the economic consequences of the COVID-19 […]
Foreclosures

Short Sales: What Buyers Need to Know

By Lori Weaver | March 30, 2020
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 […]
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