Central Florida - March 2023 – During the COVID-19 pandemic, many individuals, families, and homeowners across the country have turned to forbearance to manage their mortgage payments during these difficult times. While forbearance can provide much-needed relief, homeowners must understand the benefits and risks. As a trusted real estate agent in the Central Florida area, I wanted to provide some insights into what forbearance is, how it can benefit homeowners, and what potential risks they should be aware of. Forbearance is an agreement between a homeowner and their mortgage lender to suspend or reduce their monthly mortgage payments temporarily. This can be a helpful option for Continue Reading about Real Estate Agent Highlights Benefits & Risk of Forbearance for Homeowners!
Blog
How Rising Interest Rates Affect Distressed Homeowners!
Central Florida – April 2023 – As interest rates continue to climb, many distressed homeowners feel the financial strain. Higher interest rates mean higher borrowing costs, which can lead to difficulty in making mortgage payments and even foreclosure. In this blog post, we'll explore how rising interest rates affect distressed homeowners and how they can manage their finances. The Impact of Rising Interest Rates on Distressed Homeowners For homeowners with adjustable-rate mortgages (ARMs), rising interest rates can significantly increase their monthly payments. ARMs typically have lower initial interest rates that adjust over time based on market conditions. When interest rates rise, the Continue Reading about How Rising Interest Rates Affect Distressed Homeowners!
Selling a Distressed Property in 2023: Strategies for Homeowners!
Central Florida - May 2023 – The real estate market can be unpredictable, and homeowners may find themselves in a distressed situation where they need to sell their property quickly. In 2023, the distressed property market is expected to continue its current trend, with rising interest rates and lower home prices making it harder for some homeowners to keep up with their mortgage payments. As a Certified Distressed Property Expert in Central Florida, I’m trained in helping homeowners understand their options regarding distressed properties and strategies to help them. First, it's important to understand what makes a property distressed. Generally, a distressed property is one where the Continue Reading about Selling a Distressed Property in 2023: Strategies for Homeowners!
“The Role of Real Estate Investors in the 2023 Distressed Market: What Homeowners Should Know”
Central Florida - June 2023 – Real estate investors play a crucial role in the distressed market. They are often the ones who purchase distressed properties and rehabilitate them for resale or rental income. There are different types of real estate investors, including individual investors, institutional investors, and real estate investment trusts (REITs). Each investor type has a different approach to investing in the distressed market. As a Certified Distressed Property Expert in Central Florida, I'm trained in helping homeowners understand their options regarding distressed properties and strategies to help them. Individual investors typically purchase distressed properties to Continue Reading about “The Role of Real Estate Investors in the 2023 Distressed Market: What Homeowners Should Know”
“Renting vs. Selling: Weighing the Pros and Cons for Distressed Homeowners”
Central Florida, July 2023 – As a licensed real estate agent, I have encountered numerous distressed homeowners who face the difficult decision of whether to rent or sell their property. Financial challenges can put homeowners in a tough spot, and it's essential to carefully weigh the pros and cons before making such a significant decision. In this blog post, I'll explore the advantages and drawbacks of renting and selling, offering valuable insights to help distressed homeowners navigate their options. As a Certified Distressed Property Expert in Central Florida, I'm trained in helping homeowners understand their options regarding distressed properties and strategies to help them. Renting Continue Reading about “Renting vs. Selling: Weighing the Pros and Cons for Distressed Homeowners”
Certified Distressed Property Expert
A Central Florida 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 in the complex issues confronting distressed homeowners. Foreclosure avoidance options are 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 Continue Reading about Certified Distressed Property Expert
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 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 Central Florida, 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
