Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Treasure Island FL Mortgage Syndicated User on May 1, 2023. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think...

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Written by Treasure Island FL Mortgage Syndicated User on December 1, 2022. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market. Not as Many Homeowners Are in Trouble This Time After the last housing crash, over nine million households lost their homes due to...