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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...
Understand Your Options To Avoid Foreclosure

Understand Your Options To Avoid Foreclosure

by Linda Richardson | Sep 8, 2021 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, 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...
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

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

by Linda Richardson | Jul 28, 2021 | Distressed Properties, Foreclosures, Housing Market Updates, Pricing, Short Sales

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...
Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

by Linda Richardson | Jan 13, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales

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...
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© 2019 City 1st Mortgage Services, LLC. Comopany NMLS ID 3117
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.