Foreclosures and Loosening Credit: Reevaluating Risk In a perfect world, there would be no foreclosures, as people would have enough resources to make their monthly mortgages. We all can agree that the substantial number of foreclosures during the Great Recession was painful (some estimates indicate that 3.8 million homeowners lost their home to foreclosure from 2007 to 2010); however, the […]
To combat the financial burden families faced as a result of the coronavirus pandemic, the CDC instituted eviction moratoriums while other agencies instituted other borrower protection measures. These programs will expire for most Americans sometime this summer, 18 months after they were initially launched at the beginning of the pandemic. However, due to government aid bottlenecks and growing fear of […]
In 2021, more Americans have taken cash from cash-out refis than any time since the Financial Crisis of 2008. U.S. homeowners cashed out a record $152.7 billion in home equity last year, up from 42% since 2019 and the most since 2007, according to mortgage giant Freddie Mac. Why the uptick? The pandemic has certainly brought challenges to us all. […]
The COVID-19 pandemic has created two distinct real estate market forces. One involves what will happen once the mortgage forbearance relief programs end while the other involves the current housing boom. While no one can negate the seriousness of the pandemic, there are those that liken the real estate market as “A Tale of Two Cities”: for as many of […]
Originally posted on dbr DAILY BUSINESS REVIEW by Rachel Lean A longstanding dispute over whether homeowners should be able to collect attorney fees after defeating a foreclosure lawsuit with a lack of standing defense has finally been resolved at the Florida Supreme Court. It’s a ruling that opens the door for countless Florida homeowners to recover legal fees from banks and lenders who sued them and […]
As the year slowly comes to an end, the fact that there may be a potentially viable Coronavirus vaccine is incredible. With this in mind, however, the recovery of our overall economy remains in question with some reminders of the Great Recession of 2008. Tale of Two Cities The effects of COVID-19 has left many top-tier economists to wonder how […]
Foreclosures, Evictions, Moratorium Oh My Description What are your options in the age of Covid-19 ? Zoom in at Noon with Roy Oppenheim: Pick up where we left off from last week, now with moratorium issues along with evictions and foreclosures during the coronavirus pandemic. Is anyone safe from evictions and foreclosures? If so, who? Find out in the latest […]
As the Coronavirus pandemic unfortunately continues, a substantial number of U.S. homeowners are struggling to pay their mortgages. With nearly half the U.S. population jobless, 4.6 million American homeowners were in some type of non-repayment as of last month which signals that the number of those not being able to pay their mortgage will only increase. As a result, the […]
