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Why Today’s Options Will Save Homeowners from Foreclosure

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end.

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Do You Need to Know More about Forbearance and Mortgage Relief Options?

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so.

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Forbearance Numbers Are Lower than Expected

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end.

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Why Foreclosures Won’t Crush the Housing Market Next Year

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway.

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Two Reasons We Won’t See a Rush of Foreclosures This Fall

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether.

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Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures.

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Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.

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The Foreclosure Crisis: 10 Years Later

CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire […]

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Sales of Distressed Properties Hit New Low

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how […]

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Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC]

Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC] | Keeping Current Matters

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Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]

Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC] | Keeping Current Matters

Are Foreclosures Increasing or Decreasing?

Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market. CoreLogic, in their most recent National Foreclosure […]

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Foreclosure Inventory Drops As Economy Improves [INFOGRAPHIC]

Foreclosure Inventory Drops As Economy Improves [INFOGRAPHIC] | Keeping Current Matters

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Distressed Property Sales Hit New Low

The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the […]

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Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC]

Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC] | Keeping Current Matters

Foreclosure Inventory Down 34.3% from Last Year

According to the latest CoreLogic National Foreclosure Report, “approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines. Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the […]

Foreclosure Inventory Down 37% over Last Year!

According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”. This figure is down 37% from the 1 million homes in May of 2013. May marked the 31st consecutive month in which there were year-over-year declines. Mark Fleming chief economist for […]

Taking the Spooky Feeling Out of Foreclosures

Today we are excited to have Joan Erni, as our guest blogger.  Joan is the Director of Business Development at Michael Saunders & Company, and wrote today’s post in response to last Wednesday’s blog post re: foreclosures. – The KCM Crew Buying a Foreclosure isn’t as Risky as You May Think, with the Proper Know-How […]

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10 Hidden Hazards When Buying Foreclosures

We are pleased to present, Amanda Kostina, as our guest blogger today.  Amanda is a writer for Whitefence.com. – The KCM Crew Buying a foreclosed home can seem like a dream. What could be better than getting a home for a fraction of the market value? Some may even say that the deals sound like […]

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Boomerang Homebuyers Get a Shorter Ride Home

Today, we are honored to have Jim Sahnger as a guest blogger. Sahnger is a 20 year veteran in the mortgage industry and is widely recognized for his expertise. His thoughts have been noted in Bankrate.com, Wall Street Journal, MarketWatch, Business Week and Investor’s Business Daily. – The KCM Crew HUD recently announced that people […]

Shadow Inventory: Beginning to See the Light

One of the key obstacles to a housing recovery over the past five years has been the overhang of distressed properties about to come to market which has come to be known as shadow inventory. Shadow inventory numbers are comprised of three separate categories of properties: properties where the home owner is 90+ days behind […]

Short Sales: Are the Numbers Beginning to Slide?

RealtyTrac recently released their Q1 2013 U.S. Foreclosure & Short Sales Report™. One of the more interesting revelations in the report was the decrease in the number of short sales being completed. According to the report, properties not in foreclosure that sold as short sales in the first quarter accounted for an estimated 15% of […]

‘Walking Dead’ and ‘Survivors’ in Real Estate

Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words like ‘underwater’ and ‘upside down’ took on totally new meanings. Today, we want to add two additional words that we will be […]

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Mortgage Interest Deduction: By State [INFOGRAPHIC]

M-I-D
Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction

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WTH(eck)!?! More Crazy Real Estate Headlines

Number of Loans in Foreclosure Reaches a Three-Year Low Foreclosure Activity Rising in 2013 Both headlines above appeared in the media last week. The amazing part is that both headlines appeared on the same day and from the same media source (HousingWire)!! The first headline commented on the recently released Office of the Comptroller of the […]