Zombie Foreclosures

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 to [...]

By |2021-06-07T11:15:07+00:00June 9th, 2021|blog, investing, real estate|

Fed Vows to Keep Benchmark Rate Low

According to Realtor Magazine, “The Federal Reserve voted to keep its benchmark interest rate near zero and historic lows as the economy continues to recover from the COVID-19 pandemic.” The Fed vows to keep the benchmark rate low and further indicates that they won’t likely raise interest rates until 2023—at the earliest. But that doesn’t necessarily [...]

By |2021-05-07T13:23:32+00:00May 12th, 2021|blog, investing, real estate|

When Forbearance Ends

According to Wolf Richter for WOLF STREET, “Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market. Since last spring, a historic delinquency problem has been fermenting largely on ice and on hold by forbearance programs. “The Federal Housing Administration (FHA), which insures nearly 8 million high-risk [...]

By |2021-04-15T23:28:39+00:00April 15th, 2021|blog, investing, real estate|

The New Federal Foreclosure Moratorium Deadline

We are kicking the can down the road–again. Millions of homeowners with federally guaranteed mortgages have the option to extend their forbearance an additional six months, and the new federal foreclosure moratorium deadline has been pushed back to June 30, 2021. According to a statement released by the White House, there are now 70% of existing [...]

By |2021-03-04T16:58:40+00:00March 10th, 2021|blog, investing, real estate|

The Most Recent Mortgage Delinquency Information

The most recent mortgage delinquency information came in November 2020.  Delinquencies fell to their lowest level since the start of the coronavirus pandemic, back in March 2020, though the number is still far higher than the rate a year earlier. According to the latest reading by CoreLogic, just under 6% of all U.S. mortgages — [...]

By |2021-02-21T01:42:23+00:00March 1st, 2021|blog, investing, real estate|

Buying Notes and Deeds?

Most new real estate investors start with a traditional method like rehabbing or buying and holding single-family rentals. They buy the property and manage the asset by fixing it up to sell or renting it to a tenant. Depending on how you manage the assets, these investing methods can be great ways to generate income, [...]

By |2021-01-31T12:42:01+00:00January 31st, 2021|blog, investing, real estate|

Of Evictions and the Millions in Forbearance

We have been writing recently about the crisis of evictions and the millions in forbearance. I found this question and answer with Doug Casey eye-opening. Of Evictions and the Millions in Forbearance International Man: Currently, over 18 million Americans are currently behind on their mortgage or rent payments. That temporary suspension on evictions ends December [...]

By |2021-01-21T12:32:05+00:00January 21st, 2021|blog, investing, real estate|

Five Major Housing Trends in 2021

Bankrate shares what they expect to be the five major housing trends in 2021. Based on the predictions of housing experts who spoke at a virtual conference of the National Association of Real Estate Editors, mortgage rates will rise from record lows. The trends suggest home-price gains will slow, and Americans will continue their migration to less dense [...]

By |2021-01-28T17:11:20+00:00January 5th, 2021|blog, investing, real estate|

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