Nationally, October saw a large increase in foreclosure filings from the previous month. Miami was in the top 5 cities nationally. Some homeowners may be unaware that mortgage lenders have instituted forbearance programs and loss mitigation departments to help struggling homeowners due to COVID-19. Please contact Ed Curry at 941-799-9440 if you are thinking ofContinue reading “Foreclosure Filings Increase 20%”
Category Archives: mortgage lenders
Forbearance Plans Drop to New Low
Forbearance, (when mortgage lenders allow you to delay payments for a specified time) rates are at a 7 month low. Many homeowners took advantage of forbearance plans in the early Spring due to COVID-19. Mortgage forbearance plans make up almost 6% of all mortgages which is the lowest rate since April when it was 3.74%. Continue reading “Forbearance Plans Drop to New Low”