A Certified Distressed Property Expert is a real estate agent trained to help homeowners avoid foreclosure. A Certified Distressed Property Expert, or CDPE has specialized training with the complex issues confronting distressed home owners. Foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales. Are you behind on your house payments? Are you facing Foreclosure, Pre-Foreclosure or Notices of Default from your lender? You may be surprised at the options available to you. You might not have to walk away from your home! There is Continue Reading about Certified Distressed Property Expert
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Foreclosure Activity Increases Nearing Pre-Pandemic Levels
Foreclosure starts close to pre-pandemic levels nationwide Lenders started the foreclosure process on 67,249 U.S. properties in Q3 2022, up 1 percent from the previous quarter and up 167 percent from a year ago — nearly reaching pre-pandemic levels. “Foreclosure starts, while rising since the end of the government’s foreclosure moratorium, still lag behind pre-pandemic levels,” said Rick Sharga, executive vice president of market intelligence for ATTOM. “Foreclosure activity is reflecting other aspects of the economy, as unemployment rates continue to be historically low, and mortgage delinquency rates are lower than they were before the COVID-19 outbreak.” States that posted the Continue Reading about Foreclosure Activity Increases Nearing Pre-Pandemic Levels
Separate the Myth from the Reality
It used to be that if you were facing foreclosure, it was difficult to find information about what to do. Today, distressed homeowners have the exact opposite problem. There is information everywhere, but it can be almost impossible to tell the truth from the fiction. But there is one fact that you can take to the bank: You have options. As a Certified Distressed Property Expert® (or CDPE) located in I make it my mission to help you separate the myth from the reality about the options that are available to you. Understanding your options and acting can help relieve the burden of your mortgage. Continue Reading about Separate the Myth from the Reality
How much equity U.S. homeowners have lost since May
Homeowner equity peaked at $11.7 trillion collectively last May, after home prices jumped 45% since the start of the pandemic.In September, home prices fell on a month-to-month basis for the third month in a row.Since July, the median home price has dropped by $11,560. The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage software and analytics company. The average borrower has lost $30,000 in equity. Homeowner equity peaked at $17.6 trillion collectively last May, after home prices jumped 45% since the start Continue Reading about How much equity U.S. homeowners have lost since May
