Foreclosure Activity In The U.S. Doubled in 2022 According To ATTOM

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In: Realtor News

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Foreclosure activity in the U.S. will double by 2022 but remain well below pre-pandemic levels, a new report says. According to real estate data, from ATTOM’s 2022 year-end U.S. foreclosure market report released Thursday, the U.S. is expected to recordContinue Reading

Foreclosure Activity In The Country Rise By 167 Percent From Last Year

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In: Refinance News

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Lenders started the third quarter with a total of 67,249 foreclosures in the U.S., up by 167 percent from a year earlier, according to a new data center report by ATTO real estate.  The growth rate is close to theContinue Reading

FHA Confirmed Unique Post-foreclosure Sales Period for Owner-occupant Buyers

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In: Refinance News

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As per the recent Mortgagee Letter, the FHA laid out a selective Post-Foreclosure Sales period for specific owner-occupant buyers, HUD-endorsed Non-profits, and governmental elements.  Albeit the provisions of the Mortgagee Letter might be executed right away, the provisions should beContinue Reading

Is U.S. Expecting Foreclosure Crisis?

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In: Realtor News

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Even though the number of borrowers in COVID mortgage bailout programs are falling, those still in trouble, are not underwater as thought. Thanks to the soaring home prices, leading to high levels of home equity, has struggling borrowers are inContinue Reading

Foreclosure Situation Not Expected To Be As Bad As During The Recession Period

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In: Mortgage News

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The pandemic led to recession-induced low-interest rates, and eager homebuyers setting off the housing market boom. The median price also rose up to 24% since the onset of the COVID – 19. On 31st July, the foreclosure moratorium, which preventsContinue Reading

New Aid For Borrowers Who Are At Risk Of Foreclosure

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In: Realtor News

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Last updated on September 8th, 2021 at 03:23 pmOn Friday the Biden administration announced that it is coming with new loan modifications and payment reductions plan to help homeowners who are lagging behind on their mortgage payments during the coronavirusContinue Reading

Financial Assistance And Counseling To Avoid Foreclosure

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In: Refinance News

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1st United mortgage is claiming to help borrowers with home equity loans, or credit lines if they are having difficulty maintaining their payments.  They are willing to make every effort to assist customers with their loans in order to avoidContinue Reading

In Spite of Government Moratorium why did the Foreclosure Activity Grow?

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In: Mortgage News

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The U.S. Foreclosure Market Report for 2021 was released by ATTOM Data Solutions, the data showed that compared to the previous quarter foreclosure filings were up 9% but down 78% from last year.  within the first quarter, there was aContinue Reading

The Biden government extends the ban on foreclosures and mortgage relief

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In: Refinance News

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The Biden government announced on Tuesday the extension of the federal bans on mortgage forbearance and foreclosure programs through June, thus offering relief to thousands of homeowners struggling with finances due to the pandemic.  This action has extended the foreclosureContinue Reading

Avoid Foreclosure If You Are Falling Behind On Mortgage Payments

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:53 amAccording to research released in mid-October by the data firm CoreLogic, In July, 1.4% of homeowners with a mortgage were late with their payments by four months or more.  That was the highestContinue Reading