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[+] Dealing with a client - Alix Ott/MI (12 replies)
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[+] FREE PDF EDITOR - Heidi Gemeling/FL (4 replies)
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[+] E & O... again..sorry.. - Regina  Engebritson/MN (12 replies)
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VRM TITLE LLC - Saundra  Scott/MD
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[+] CELL TOWER - Saundra  Scott/MD (12 replies)
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Real Title Services


[-] Foreclosures Looming - Jay Duncan/MO (8 replies)
7/23/2021 2:11:21 PM (2437 views)

The last I heard was the moratorium holding off foreclosures is July 31st, about a week away. 

Now some states like Missouri where we are what is called a Non-Judicial state or Deed of Trust state, foreclosures will be fast and furious and houses sold on the courthouse steps in 90 days or less.

 States like Kansas and Illinois, where there are mortgages, are considered Judicial states and the foreclosures have to go through the court system.  Most of us remember how clogged the courts got when that happened when the real estate market collasped back in 2008.  Now add the covid factor into it where some courts are still virtual and already clogged.

Also top it off that the real estate market has not had it's average normal correction every 7 years or so for almost 14/15 years.

If you haven't sold your house yet, before the foreclosures hit and bring home values crashing down you might want to do it quick. 

Should be an interesting rest of the year.

 https://www.yahoo.com/news/white-house-rolls-relief-people-142500682.html

 

Thoughts? 

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Re: Foreclosures Looming - Robert Franco/OH
7/24/2021 10:00:01 AM (1767 views)
Re: Foreclosures Looming - William Duncan/SC
7/26/2021 10:48:39 AM (1537 views)
Re: Foreclosures Looming - Kurt deVries/FL
7/26/2021 3:21:55 PM (1606 views)
Re: Foreclosures Looming - Randi Erickson/MN
7/31/2021 12:36:07 PM (2013 views)
Re: Foreclosures Looming - Robert Whitehead/FL
8/26/2021 9:10:59 AM (1283 views)
Re: Foreclosures Looming - Robert Whitehead/FL
8/26/2021 9:11:04 AM (1254 views)
The foreclosure shadow market never went away - Victoria Moate/NJ
8/2/2021 11:37:49 AM (1436 views)
Re: The foreclosure shadow market never went away - george Hubka/MI
8/9/2021 1:53:10 PM (1397 views)

[+] Orchestrate - Susan Dustin/WV (7 replies)
7/22/2021 6:11:14 PM (2053 views)

[+] Due Diligence: First Notch Solutions - William Duncan/SC (5 replies)
7/6/2021 5:14:20 PM (1855 views)

Search and Sign VA - William Duncan/SC
7/1/2021 11:18:28 PM (1285 views)

[+] Sanrit Technologies Non-Payer - Ron Beavers/FL (11 replies)
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[+] E&O, any affordable options ? Rates keep going up - A. Christopher Hohenfels/VA (1 reply)
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[+] 51 title and taxes, llc - Deb Dartois/NV (7 replies)
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[+] American Core Title - William Duncan/SC (1 reply)
6/23/2021 8:42:27 PM (1586 views)

[+] Title Abstractors, LLC/Abingdon, VA - Russ  Kern/GA (9 replies)
6/16/2021 10:55:46 AM (1919 views)

CA Bay Area - Dan Zook/NY
6/15/2021 9:09:57 PM (2068 views)


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