Blog – Peak Foreclosure

Is it Accurate to Compare the Current Real Estate Market to the 2007-2008 Real Estate Boom and Bust?

Post author By Peak Foreclosure
Post date March 6, 2023
Categories In Market Update

As the real estate market rapidly cools thanks in large part to the FED’s decisions to raise interest rates, many pundits are wondering if the industry will see a repeat of what took place in 2007 and 2008. Granted, there are a number of important similarities. Prices were through the roof back then, just as […]

Market Updates New Laws

What Every California Lender Should Know about Honchariw v. FJM Private Mortgage Fund, LLC, et al.

Post author By Peak Foreclosure
Post date February 3, 2023
Categories In Market Updates, New Laws

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% […]

Market Updates

Private Equity Firms are Buying up Real Estate as the Market Crashes and Foreclosures Rise. How Will This Affect the Market Long-Term?

Post author By Peak Foreclosure
Post date December 28, 2022
Categories In Market Updates

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 […]

Foreclosure Rates

Foreclosure Rates are Rising, but Not Evenly. See Which States Have the Highest and Lowest Rates

Post author By Peak Foreclosure
Post date November 9, 2022
Categories In Foreclosure Rates

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 […]

Others

Are Foreclosure Rates Set to Rise in 2023?

Post author By Peak Foreclosure
Post date October 3, 2022
Categories In Others

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 […]

Others

Will Expected FED Interest Rate Hike Cause an Increase in Foreclosures?

Post author By Peak Foreclosure
Post date September 7, 2022
Categories In Others

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 […]

Loan Modifications

Foreclosure Law: What can Banks do to Deal with a
Borrower who Can’t Make Payments?

Post author By Peak Foreclosure
Post date August 19, 2022
Categories In Loan Modifications

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 […]