Forebearance Archives | HeidiMoves.com

What Happens When Homeowners Leave Their Forbearance Plans?

Forebearance, Forebearance, Housing Market Updates, Plano, Real Estate Market, Sell My Home / By Heidi Tallos

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program […]

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

For Sale By Owner (FSBO), Forebearance, Forebearance, Housing Market Updates, Housing Market Updates, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on

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The Do’s and Don’ts after Applying for a Mortgage

Buyers, First Time Home Buyers, Forebearance, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender –

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5 Steps to Follow When Applying for Forbearance

First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Life, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s not automatic.

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5 Tips for Home Buyers Who Want to Make a Competitive Offer in the Dallas Real Estate Market

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Leasing or Renting, Life, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Today’s Dallas real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. 1. Listen

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Knowledge Is Power on the Path to Homeownership

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the home buying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers in

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Will Mortgage Rates Remain Low Next Year?

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Military, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are

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Dallas Real Estate Market Was Named Among Top Ten Market During and Post COVID

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Leasing or Renting, Military, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Great to see that the Dallas real estate market is in the top 10 markets during and post COVID! With what I am seeing in the Dallas area real estate market and comparing to other parts of the country, we are doing much better and in some areas are actually low on inventory. A group

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Are Dallas Home Prices Headed Toward Bubble Territory?

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forebearance, Leasing or Renting, Military, Mortgage, Plano, Sell My Home, Selling Your Home / By Heidi Tallos

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers

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