July 19th, 2019 3:28 AM by Eric Willner
Radio Show Notes 7/15/19 Monday
Foreclosures in 2019?
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate
Foreclosures are real and even in a strong economy, as we are seeing now, they still happen – more than you think! The Federal Reserve Bank of New York says that while the rate of delinquencies was steady in the last quarter of 2018 at 4.65%, Moody's predicts looser underwriting standards and rising interest rates will result in higher delinquencies and foreclosures in 2019.
“While some markets saw a slight uptick in foreclosure filings, that is above pre-recession levels, the majority of the major markets are well below pre-recession levels,” said Todd Teta, chief product officer at ATTOM Data Solutions. “While we did see a slight increase in U.S. foreclosure starts from last quarter, bank repossessions reached an all-time low in the first quarter of 2019, showing continuing signs of a strong housing market.”
We have shown homeowners how to not only stop foreclosure, but how to save hundreds or even thousands of dollars by avoiding the mistakes that others make. You must know your options so that you can make the right decisions!
Whether you have been facing financial difficulties for sometime, or you were just in a recent slump because of job loss, injury or other setback, you must educate yourself.
Facing foreclosure is an emotionally charged event. Most owners in situations like that, have intense feelings of fear and anxiety. For closure is an emotionally charged event. And the owners who let their emotions, instead of logic, invade their thoughts and decisions, make irreversible mistakes.
Also, homeowners who focus solely on saving their home without considering their entire financial picture, often end up in even deeper trouble, because they failed to look at the short and long term effects of their emotionally charged decisions.
Hopefully, this is likely the first time you have ever faced for closure. Well, it’s not our first time and if you let us help you, then we can help you make a logical decisions that will not only stop your current foreclosure, but will also set you up for future Financial success. What important, is that you understand your options, so you can make the very best, most logical decisions.
The following are the most common options for people facing foreclosure. Depending on your situation, all of these options may, or may not, be available to you. Everyone’s individual situation is different. Contact us and we can discuss your options.
1. Reinstate the loan
3. Loan modification
4. Mortgage refinancing
5. Sell the property
6. Deed in Lieu of foreclosure
7. Bankruptcy filing
8. Do nothing?
This week we will follow the theme “Foreclosures”. We will break down and explain the process and also go into more detail on the above options to avoid the damages of a foreclosure, which are not only limited to poor credit.
Want more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o’clock (EST) on Florida’s Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
Then check out these EXTRA cool resources:
90DayFreshStart.com To become a homeowner regardless of credit or ...
TimeToFixMyCredit.com for Financial Education and Credit Improvement
AutomaticLandlord.com for Landlording and Real Estate Investment
MackBuysHouses.com for a fast cash offer on Real Estate
MackSellsHouses.com for great deals on Real Estate Investments
MackBargainHouseHunters.com to Partner on Real Estate Deals
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
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