by Stig Bergquist | Jan 13, 2021 | Buyers & Sellers, Distressed Properties, Housing Market Updates
At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are...
by Stig Bergquist | 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...
by Stig Bergquist | 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...
by Stig Bergquist | Oct 21, 2020 | Distressed Properties, Foreclosures, Housing Market Updates
Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally...
by Stig Bergquist | Oct 15, 2020 | Demographics, Distressed Properties, Foreclosures, Housing Market Updates
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time,...
by Stig Bergquist | Aug 20, 2020 | Distressed Properties, Foreclosures, Housing Market Updates
Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the...
