Coronavirus
Why the Real Estate Market WON’T Crash in 2021
There has been a lot of buzz lately about whether the real estate market will crash in 2021…I say that will not happen! Let’s look at the reasons why. 1. Loans and the inability to repay them are treated differently today.. Unlike the 2008 market crash, lenders have not been making a plethora of bad…
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UPDATE: BEWARE BEFORE YOU FORBEAR
This is an update to the last blog I posted on mortgage forbearance in this time of the Coronavirus…here are some VERY important updates if you are considering mortgage forbearance: 1. Affected credit scores – while federally backed loan borrowers are eligible for forbearance due to hardship suffered as a result of the pandemic, credit…
Read MoreShould You Stop Paying Your Mortgage Now? Important Information on Forbearance
I have had a few people ask about forbearance and whether they should stop paying their mortgages during the Covid-19 isolation, under the CARES Act. In a nutshell, NO, you should not do so unless you truly cannot pay it and have established a forbearance with your lending institution(s). Let’s first define forbearance: it is…
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