Can you stop a foreclosure in Texas?
Foreclosure can be a distressing process for homeowners in Texas who find themselves struggling to make mortgage payments. Losing your home is a challenging situation, but it’s important to remember that there are steps you can take to potentially stop or delay the foreclosure process. This article aims to shed light on the options available […]
Are You Facing End of Forbearance? Know your Options Here
Your lenders will want work with you in order to avoid you being forced out of your home, but you need to make the first move and contact them as soon as possible. Some homeowners will be facing an end of their 18-month forbearance period, and the borrowers that have been impacted by the global […]
Avoiding Foreclosure: National Moratorium Has Expired
The moratorium that had helped thousands and thousands of distressed American homeowners expired last month. The national ban on mortgage foreclosures had protected financially downturn homeowners at the start of the global health crisis last March 18, 2020. Initially the moratorium was extended but was eventually allowed to expire last month. The state of New […]
After the Great Recession, Zombie Mortgages Back to Haunt Distressed Homeowners
There are lots of homeowners today who firmly believe or think that their loan mortgages were discharged in bankruptcy, while there are others who despite wanting to continue paying, cannot do so, since there was no longer anywhere to send their payments after their lenders disappeared during the financial crisis some years ago. And because […]
The Coming Surge in Mortgage Modification Defaults
The Foreclosure moratorium for loans that are backed by the Federal government had been extended several times, and with the latest extension expired last July 31, 2021. This means that a lot of homeowners who are behind on their mortgage payments have two choices: they either have to pay up or they have to apply […]
Cities with the biggest number of homeowners facing foreclosure
A group of homeowners are reportedly to be in peril, and are still behind on their mortgage payments. And if this continues, it could threaten the strength of certain ral-estate markets all over the nation. Experts believe that these mortgage borrowers are still at risk and are not out of the woods yet. In its […]
Mortgage Servicers Prepare for Forbearance Exits
A webinar, “Servicing in a Post-Pandemic Era: Ensure You’re Prepared to Help Customers” was recently held. It was aimed to help mortgage loan servicers, how prepared they are and how the industry is readying itself for the impending wave of homeowners coming out of forbearance plans. The Interim Editor-in-Chief for The Five Star Institute, Mr. […]
More than 8 Million Households to Face Eviction or Foreclosure as the End of Moratorium Nears
Millions of Americans households are expected to face evictions or foreclosures as the national eviction ban comes to a halt by the end of June. A new Harvard University housing report stated that while the nation is now rebounding from the global health crisis, there are still more than 2 million of American homeowners who […]
Harvard Study Warns: Impending Wave of Evictions Looms as Expiration of the Moratorium
A wave of evictions is said to happen as the end of the national pandemic moratorium nears. Researchers said that a potential housing crisis looms across the country post-covid19 pandemic recovery. More than 4 million Americans are said to lose their homes in the coming two months once the pandemic moratorium stops this month. Researchers […]
As Covid-19 Eviction Ban Nears End, Spike in Bankruptcy Looms
The number of renters who are facing eviction is expected to rise, once the pandemic relief measure is lifted this June 2021. And a record high amount of unpaid rent is making bankruptcy a more attractive alternative for the millions of Americans who are struggling to pay their rent as the eviction ban comes to […]
Millions of Americans Facing Possible Eviction as the end of Housing Protection nears
As the housing protection is coming to an end, millions of Americans who are behind their rents could face eviction. People of color, those belonging to the lower income bracket and older Americans are most at risk. Housing advocates believe that lifting the moratorium amid the Covid19 pandemic is ill timed for both property owners […]
Millions of Tenants Behind on Rent, Small Landlords Struggling, Eviction Moratoriums Expiring Soon:
Inside The Next Housing Crisis In late November last year, a small property owner has seemed to have reached the end of the rope. Over the past year, one of the parents of the landlord was diagnosed with cancer and the other had recently undergone a major surgery. To make things even harder, the property […]