by mendezlaw | Oct 9, 2020 | Foreclosure
How do you find a foreclosure property? You can get fantastic deals if you know how to buy them. When purchasing a foreclosure or bank-owned property, it is imperative you understand if the property is subject to the title or lien theory of mortgages. Each theory has...
by mendezlaw | Sep 28, 2020 | Uncategorized
Freddie Mac reported that the Single-Family serious delinquency rate in August was 3.17%, up from 3.12% in July. Freddie’s rate is up from 0.61% in August 2019, and no one know how these defaults will end. This is the highest serious delinquency rate since...
by mendezlaw | Sep 21, 2020 | Uncategorized
Forbearance protected millions of people from the loss of their homes even if they couldn’t make monthly payments. Now, for the first time, we’re beginning to see cracks in the system. Looming ahead are several major concerns. How will the homeowner repay “skipped”...
by mendezlaw | Sep 18, 2020 | Foreclosure
Millions Are House-Rich but Cash-Poor. Wall Street Landlords Are Ready. Hardships caused by the coronavirus pandemic are likely to force a lot of sales and create new renters Americans with mortgages have accumulated nearly $10 trillion in home equity thanks to a...
by mendezlaw | Sep 10, 2020 | Loan Modification, Mortgage
According to CoreLogic, the south Florida area is about to explode with foreclosures. Unemployment related to Covid-19 is the root cause and will likely not improve. A loan modification might help some of these homeowners to save her home. Home loans that are in...