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Zombie foreclosures are up in the U.S. - but not here.

A Zombie foreclosure is when a homeowner stops making house payments and just up and leaves their home for house flippers to grab. Cathy Baker of Baker mortgage says our inventory is too low. ....

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Could be Foreclosures at the End of the Mortgage Forbearance Program

By Sally Adams
THE MORTGAGE FORBEARANCE PROGRAM IS COMING TO AN END
Cathy Baker of Baker Mortgage explains. The purpose initially of the forbearance program was a result of the pandemic. There were so many people who had lost their jobs that it was a way for people who needed some time or a little bit of relief could postpone their payments. Baker says it has helped people in trouble - but there s a problem. The problem with it is the large majority of people who applied for the program really didn t need it. So - like anything else - in the end some ways it s going to come back and bite em! Interest is still due on the months home owners didn t pay. Mortgage Lenders are warned to avoid foreclosures by making their clients aware of their options going forward. ....

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