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Are You Buying Notes and Deeds? SpendMeNot has some housing statistics for 2021: “Moratoriums on foreclosures (have been) in place due to the ongoing pandemic, and they’re artificially depressing the number of foreclosures. The number of mortgages in serious stages of delinquency is actually five times higher than a year ago.” If you’re a real […]

Where are we now with the eviction and foreclosures moratorium? The eviction suspension for properties that Fannie Mae or Freddie Mac acquired through foreclosure or a deed in lieu will last through September 30, 2021. But the foreclosure moratorium itself expired. Amy Loftsgordon, Attorney and writing for NOLO, tells us, “The Federal Housing Finance Agency (FHFA), which […]

When Does the Foreclosure Moratorium End? After the Supreme Court struck the national eviction ban down last week and is no longer in effect, it leaves, according to CNBC, “…more than 11 million Americans still behind on their rent at risk of being forced out of their homes.” The NY Press News adds, “However, at […]

According to The Housing Wire, there are 1.7 million homeowners remaining in U.S. forbearance.  ATTOM, parent company to RealtyTrac (www.realtytrac.com), released its July 2021 U.S. Foreclosure Market Report, which shows there were a total of 12,483 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — down 4 percent from a month ago […]

If everything is going well and you have an excellent agent, you may not require the services of a lawyer. However, there are situations when to hire a real estate lawyer is a good question. When to Hire a Real Estate Lawyer When Buying Without a Broker A “for sale by owner” transaction will save […]

We are nearing the end of the financial protections that kept many households afloat throughout the Covid-19 pandemic. These protections will end in the coming days and weeks, including enhanced unemployment benefits and moratoria on evictions and mortgage foreclosures. While government agencies have renewed many protections multiple times, it is unlikely that extensions will continue […]

Forbes said last week, “Looking to buy a house, but think house prices are going crazy?  You’re not wrong. Housing prices are rocketing upwards across the country, showing their biggest annual gain since 2005.  As a result, existing homeowners add to their housing wealth, while younger, less affluent, and nonwhite buyers face little supply and rising costs.” “Housing […]

Is this our future? Since Roman times the idea of buying votes with bread and circuses has been a staple of politicians. Vote for me, and I’ll make sure that you will receive farm subsidies and price supports. Vote for me, and I’ll make sure you’ll have free healthcare; I’ll pay off your student loans. […]

Frustrated home buyers are getting more frustrated with the rising prices and lack of options in the housing market. That’s according to Fannie Mae’s latest Home Purchase Sentiment Index reveals that just 35% of people believe now is a good time to buy a home, down from 47% just a month ago. Moreover, the percentage of people […]

Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that somebody soon will repossess them. Remember Jingle Mail? When someone who has a mortgage decides they can’t or won’t pay it and are willing to give up their home, they mail the keys […]