Negative equity and foreclosure
When does strategic default make sense for a negative equity homeowner?
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Tag: underwater
Form-of-the-Week: Purchase Agreement with Short Sale Contingency, and Deed-in-Lieu of Foreclosure — Forms 150-5 and 406
Alternative methods to a foreclosure sale on mortgaged property include a short sale and a deed-in-lieu of foreclosure. RPI Form 150-5 allows a buyer to purchase a property when the mortgage holder agrees to take a reduced payoff to satisfy the debt and clear title. RPI Form 406 allows an owner to deed their property directly to their mortgage holder.
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Mortgage delinquencies edge higher going into 2023
Making payments on an underwater mortgage in a declining market can feel a bit like pushing a boulder up a mountain.
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Appraisals in a declining market — and why it matters in 2022
After two years of rapid price increases, appraisers will need to make a quick shift when prices dive later in 2022.
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California underwater homeowner numbers to increase
Underwater homes were at their bottom in 2020.
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Are we heading toward a foreclosure crisis in 2020?
We are in the middle of a unique, global economic moment and the end result is still out of reach.
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