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What Happens When Homeowners Leave Their Forbearance Plans?

by KCM Crew | Jan 27, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where...

What Experts Are Saying about the 2021 Job Market

by KCM Crew | Jan 21, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income....

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

by KCM Crew | Jan 13, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales

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...

5 Steps to Follow When Applying for Forbearance

by KCM Crew | Dec 14, 2020 | Distressed Properties, For Buyers, For Sellers, 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.”

by KCM Crew | Nov 18, 2020 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates

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

by KCM Crew | Nov 5, 2020 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates

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...
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