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Banks report rise in mortgage delinquencies

Housing Wire

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% were “combination modifications,” where interest rate reductions and term extensions are applied to a loan to help bring down a borrowers mortgage payment. compared to 94.2%

Banks 382
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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Have we found the bottom in existing home sales?

Housing Wire

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Sales 513
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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

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. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 242
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Chicago Realtor: Marki Lemons Queen of Foreclosures

Realty Biz

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

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David Dweck Elected to Lead 2022 BROWARD-MIAMI Realtors

Realty Biz

He is a license real estate broker in Florida; a qualifying broker in Alabama and Georgia and is a principal broker in Tennessee. His experience in his early career were listings of Residential in Florida and Vacation Land in Tennessee. Dweck is the founder and broker of Southeast Regional Realty Corp.

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Housing Market Trends 2022: Home Prices and Sales

Marco Santarelli

If mortgage rates continue to rise, although, at a slower rate than in recent months, demand will likely decrease in the fall and winter, while home prices will continue to grow, albeit at a slower rate. Prices are increasing as a result of enough money on the sidelines and very low mortgage rates. million last month from 1.8

Sales 98