foreclosure – Page 4 – The Markel Group

What Happens When Homeowners Leave Their Forbearance Plans?

by markelgroupBlog, buying, covid, foreclosure, real estate January 27, 2021January 27, 2021No Comments

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 …

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

by markelgroupBlog, covid, foreclosure, lending January 13, 2021January 13, 2021No Comments

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 …

An Honest Look at Unemployment Numbers

by markelgroupcovid, foreclosure, lending, market December 9, 2020December 9, 2020No Comments

Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading into …

5 FYI’s for Real Estate This Week

by markelgroupBlog, buying, Cheryl Markel, foreclosure, investment, market, new build, real estate, selling, VIDEO-GRAPHIC November 5, 2020November 5, 2020No Comments

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

by markelgroupBlog, Cheryl Markel, foreclosure, market, real estate November 5, 2020November 5, 2020No Comments

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This year, homeowners …