If forbearance works as intended, homeowners are only going to re-start payments when jobs return, and their homes won't ever go into foreclosure. COVID-19 is considered the wild card. Forbearance Loans May Never Be Foreclosed The Mortgage Bankers Association’s (MBA) latest ... » Learn More about Forbearance Loans May Never Be Foreclosed
Home Ownership
Buyers want these 4 Attributes in Homes
Nearing the end of a bizarre year, home buyers have changing needs for their new spaces. Sellers, take notice. Over the past six months, the course of daily life has greatly changed and, with COVID-19 still present as autumn approaches, home buyers’ desires have shifted accordingly. 4 ... » Learn More about Buyers want these 4 Attributes in Homes
Bidding Wars Could Continue This Fall
As pent-up demand from the spring compounded to produce one of the busiest summers for residential real estate on record, the demand is promising to spill over into the fall months. Bidding Wars may still be around for awhile. “Normally, my brokerage’s sales start to dip after September, and we ... » Learn More about Bidding Wars Could Continue This Fall
Foreclosed Home – Bad Idea?
REO or real estate owned foreclosed homes can offer great deals but watch out for downsides that may occur with any foreclosure, like maintenance or permitting issues. Purchasing a Foreclosed Home from the Bank - Bad Idea? Question: We are considering a home in a great ... » Learn More about Foreclosed Home – Bad Idea?
Escalation Clause what is it?
Within a competitive seller’s market, a very common tactic to help win a bidding war - when multiple offers are made on one property - is implementing an escalation clause. What exactly is an escalation clause? Sometimes called an “escalator,” an escalation clause is when a ... » Learn More about Escalation Clause what is it?