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Biden halts foreclosures for 18 months, house prices up; no impact on “credit score”, but can’t get credit?

Biden halts foreclosures for 18 months, house prices up; no impact on “credit score”, but can’t get credit?

by | Feb 16, 2021 | Coronavirus 2020 real estate impact, coronavirus 2021 real estate impacts, General real estate financing information, Government Bailout, hard money, Hard Money Lending, Housing Price Trends / Information

10 million Americans are behind on their mortgage payments, with the majority of these late payments occurring in FHA loans.  At the same time Millions are out of work, yet house prices are increasing in most markets.  What was in the new forbearance agreement?  How...
Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

by | Jul 15, 2020 | Housing Price Trends / Information, interest rates, Property Valuation, Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation, Residential hard money, residential lending valuation, Underwriting/Valuation

From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress.  Millions are out of work, yet house prices are increasing in most...