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5 Steps to Follow When Applying for Forbearance

5 Steps to Follow When Applying for Forbearance

by Stig Bergquist | Dec 14, 2020 | Buyers & Sellers, Demographics, Foreclosures, Housing Market Updates

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating...
Chances of Another Foreclosure Crisis? “About Zero Percent.”

Chances of Another Foreclosure Crisis? “About Zero Percent.”

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...
Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

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...
Why Today’s Options Will Save Homeowners from Foreclosure

Why Today’s Options Will Save Homeowners from Foreclosure

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...
Do You Need to Know More about Forbearance and Mortgage Relief Options?

Do You Need to Know More about Forbearance and Mortgage Relief Options?

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,...
Forbearance Numbers Are Lower than Expected

Forbearance Numbers Are Lower than Expected

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...
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