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”
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“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
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