Distressed Properties

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Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

November 30, 2022

Distressed Properties, For Buyers, For Sellers, Foreclosures

Posted by Robin Taylor Roth

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much …

Why the Forbearance Program Changed the Housing Market

August 8, 2022

Distressed Properties, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis wouldn’t happen again. Here’s why forbearance worked. Forbearance enabled nearly five million homeowners to …

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

May 12, 2022

Distressed Properties, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as …

There Won’t Be a Wave of Foreclosures in the Housing Market

January 6, 2022

Distressed Properties, Foreclosures, Housing Market Updates, Pricing

Posted by Robin Taylor Roth

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here’s a look at why that isn’t the case. 1. There Are Fewer Homeowners …

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

November 23, 2021

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing

Posted by Robin Taylor Roth

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over …

Why a Wave of Foreclosures Is Not on the Way

November 4, 2021

Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales

Posted by Robin Taylor Roth

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave …

Understand Your Options To Avoid Foreclosure

September 8, 2021

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales

Posted by Robin Taylor Roth

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If you haven’t taken advantage of the forbearance period, it may be time to research …

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

July 28, 2021

Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales

Posted by Robin Taylor Roth

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply …

It’s Not Too Late To Apply For Forbearance

May 12, 2021

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Selling Myths

Posted by Robin Taylor Roth

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. If your loan is backed by HUD/FHA, USDA, or VA, you can apply for …

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

April 12, 2021

Distressed Properties, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance Already Caught Up on Payments According to the Mortgage Bankers Association (MBA), data through …

6 Simple Graphs Proving This Is Nothing Like Last Time

March 10, 2021

Distressed Properties, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing

Posted by Robin Taylor Roth

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed …

Are There Going to Be More Homes to Buy This Year?

February 25, 2021

Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Selling Myths

Posted by Robin Taylor Roth

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale is at an all-time low – the lowest point recorded …

3 Ways Home Equity Can Have a Major Impact on Your Life

February 17, 2021

Distressed Properties, For Buyers, For Sellers, Foreclosures, Rent vs. Buy

Posted by Robin Taylor Roth

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the …

3 Reasons We’re Definitely Not in a Housing Bubble

February 9, 2021

Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Selling Myths

Posted by Robin Taylor Roth

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited The price of any market item is …

What Happens When Homeowners Leave Their Forbearance Plans?

January 27, 2021

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program 625,000 (9%) have paid off their mortgages 434,000 (7%) have negotiated …

What Experts Are Saying about the 2021 Job Market

January 21, 2021

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal (WSJ), explains: “The economy is probably not slipping back into …

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

January 13, 2021

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales

Posted by Robin Taylor Roth

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. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not. Yanling Mayer, Principal Economist at CoreLogic, recently …

Forbearance Numbers Are Lower than Expected

August 20, 2020

Distressed Properties, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

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. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely. As reported by Odeta Kushi, Deputy Chief Economist for First American: “Despite the federal …

Why Foreclosures Won’t Crush the Housing Market Next Year

August 12, 2020

Distressed Properties, Foreclosures, Housing Market Updates

Posted by Robin Taylor Roth

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. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the …

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Distressed Properties Archives - Central New Jersey Real Estate