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Category: Foreclosures

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Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Written by Emerald Coast Mortgage Syndicated User on . Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Emerald Coast, Pricing.

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:“Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years....

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Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Emerald Coast Mortgage Syndicated User on . Posted in Distressed Properties, Emerald Coast Mortgage, Foreclosures, Housing Market Updates, Mortgage Emerald Coast.

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think...

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

Written by Emerald Coast Mortgage Syndicated User on . Posted in Distressed Properties, Emerald Coast Mortgage, For Buyers, For Sellers, Foreclosures, Mortgage Emerald Coast.

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 lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market. Not as Many Homeowners Are in Trouble This Time After the last housing crash, over nine million households lost their homes due to...

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Understand Your Options To Avoid Foreclosure

Written by Emerald Coast Mortgage Syndicated User on . Posted in Distressed Properties, Emerald Coast Mortgage, For Sellers, Foreclosures, Housing Market Updates, Mortgage Emerald Coast, Pricing, Short Sales.

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 and understand your options. It starts with knowing what foreclosure is. Investopedia defines it like this: “Foreclosure is the legal process by which a lender...

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