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

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

by Linda Richardson | Nov 30, 2022 | Distressed Properties, For Buyers, For Sellers, Foreclosures

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...
Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market

by Linda Richardson | Aug 8, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

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

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

by Linda Richardson | May 12, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

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

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

by Linda Richardson | Jan 6, 2022 | Distressed Properties, Foreclosures, Housing Market Updates, Pricing

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

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

by Linda Richardson | Nov 23, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing

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...
Why a Wave of Foreclosures Is Not on the Way

Why a Wave of Foreclosures Is Not on the Way

by Linda Richardson | Nov 4, 2021 | Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales

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...
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Branch NMLS ID #1848823, 27413 Tourney Road Suite 160 Valencia, CA 91355 855) 202-9227 | Equal Housing Lender | NMLS Consumer Access | Privacy Notice | Terms | Texas Consumer Complaint Disclosure
City 1st Mortgage Services, LLC. (www.nmlsconsumeraccess.org) is an equal opportunity lender. An FHA-approved lender, a California financial lending institution licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act and is not the FHA, which is a government agency, nor working on behalf of the FHA.