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4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

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There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance Already Caught Up on Payments According to the  Mortgage Bankers Association  (MBA),   data   through March 28 show that 48.9% of homeowners who have already left the program were current on their mortgage payments when they exited. 26.6% made their monthly payments during their forbearance period 14.7% brought past due payments current 7.6% paid off their loan in full This doesn’t mean that the over two million still in the plan will exit exactly the same way. It does, however, give us some insight into the possibilities. 2. The Banks Don’t Want the Houses Back Banks have learned lessons from the crash of 2008. Lending institutions don’t w...
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Property for Sale in Queen Creek! 19700 E Happy Rd, Queen Creek, AZ 85142

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Builder's dream parcel! 19700 E Happy Rd, Queen Creek, AZ 85142 Perfect investment opportunity to develop your own land and lay a stake to the American dream! Where else can you find a prime, nearly 10-acre plot of land situated in the high growth, high demand, and rapidly appreciating Town of Queen Creek? Property is divisible and can be split into 1 acre lots. Tremendous potential for a private, gated, family estate or exclusive, high-end, luxury subdivision. Surrounded by upscale, newer custom homes. Sweeping, panoramic views of the San Tan Mountains. Conveniently located within minutes of the Queen Creek Marketplace, Horseshoe Park & Equestrian Centre, Mansel Carter Oasis Park, hiking, horse trails, too much to list!! HURRRRRRRRY... Buy this Property for Sale in Queen Creek! This market area is BOOMING and this spectacular piece of land won't last long!
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Why This Is a Great Year to Sell Your Vacation Home

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  Thursday, April 15th, 2021     For Sellers ,  Housing Market Updates ,  Luxury Market As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The  National Association of Home Builders  (NAHB)   reports : “ Second homes  (i.e., homes sold to buyers who are not going to occupy the home year-round, but  use it as a vacation home , investment property, etc.)  account for 15 percent of new single-family home sales.” It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent   survey  from  The Harris Poll : “Social distancing taught consumers new things about how they like to socialize ; (75%) said, ‘duri...
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