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Home equity won’t be enough to prevent foreclosure for some

Housing Wire

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity.

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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

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Pandemic may lead to foreclosure crisis, CoreLogic says

Housing Wire

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said.

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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Most of the mortgages in forbearance have enough equity to sell their homes.

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

“Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.” In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale.

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

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. Most of the 1.86M in forbearance have enough equity to sell their home.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

However, today’s situation is different than the 2006-2008 housing crisis as many homeowners have tremendous amounts of equity in their homes. Over the last 30 days, several industry experts have weighed in on this subject. If not, some will go to foreclosure, but most will be able to sell and walk away with their equity.

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