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[-] Foreclosures Looming - Jay Duncan/MO (8 replies)
7/23/2021 2:11:21 PM (1118 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 (553 views)
Re: Foreclosures Looming - William Duncan/SC
7/26/2021 10:48:39 AM (445 views)
Re: Foreclosures Looming - Kurt deVries/FL
7/26/2021 3:21:55 PM (454 views)
Re: Foreclosures Looming - Randi Erickson/MN
7/31/2021 12:36:07 PM (371 views)
Re: Foreclosures Looming - Robert Whitehead/FL
8/26/2021 9:10:59 AM (176 views)
Re: Foreclosures Looming - Robert Whitehead/FL
8/26/2021 9:11:04 AM (177 views)
The foreclosure shadow market never went away - Victoria Moate/NJ
8/2/2021 11:37:49 AM (362 views)
Re: The foreclosure shadow market never went away - george Hubka/MI
8/9/2021 1:53:10 PM (305 views)

[+] Orchestrate - Susan Dustin/WV (5 replies)
7/22/2021 6:11:14 PM (652 views)


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