Peak Foreclosure 
In 2018, Nicholas and Sharon Honchariw took out a $5.6 million business purpose loan from FJM Private Mortgage Fund LLC; however, they defaulted on their September 2019 monthly payment. According to the terms of the loan, the default automatically entitled FJM to charge a one-time 10% fee along with a default interest charge of 9.99% … Read more
According to conservative estimates, private equity firms own one out of every twenty-six apartment listings in the United States, along with 1.6 million housing units, 275,000 manufactured home lots, and nearly 240,000 single-family rental homes. What’s more, it’s not uncommon for firms to take advantage of rising foreclosure rates and an overall dip in home … Read more
As inflation and rising interest rates increase foreclosure rates throughout the United States, it’s easy to lose sight of the fact that the housing market isn’t the same nationwide. Borrowers (and lenders) in some states are doing better than others, thanks to factors such as an increase in new jobs, migration patterns, low cost of … Read more
It’s no secret that foreclosure rates are rising in 2022. It’s unclear if the trend will continue in 2023; however, there is clear evidence that foreclosures could continue rising next year, leaving lenders in the difficult position of trying to sell homes in a buyer’s market. At the same time, if certain factors were to … Read more
The FED is expected to raise interest rates by as much as .75%, a move that is expected to crush demand for real estate as millions of buyers already reeling from sky-high inflation are priced out of the market for the foreseeable future. At the same time, the expected rate hike is also sure to … Read more
The mortgage delinquency rate has fallen drastically from its 2020 highs, but it is still significantly higher than the pre-COVID rate as millions of homeowners struggle to repay their loans amidst rising inflation and interest rates. At the same time, lenders are also struggling as they are faced with dealing with homeowners who are unable or unwilling … Read more