With the foreclosure moratorium having already expired on July 31, 2021, and the deadline to apply for foreclosure forbearance rapidly approaching on September 30, 2021, many homeowners are about to face what the Washington Post calls a “tsunami of debt.”
In our market research blog this week, we wrote about inflation hitting grocery aisles as costs for raw materials and production steadily increase. But household and consumer goods aren’t the only markets seeing inflation, it’s also an increasingly common concern within the housing market.
Let’s talk about the housing market for a minute--it’s a seller’s world out there right now. Said simply, there are more buyers than there are homes for sale. Some of this is merely a continuation of a trend we’ve been on since the last recession: With low interest rates and a rebounding economy propelling a new generation towards home ownership, there simply aren’t enough houses on the market.
TrendSource OnSite Inspections offers a wide range of Property Condition Reports to assist lending institutions evaluate properties when considering an application for refinance. Ok, but what does all of that mean? What are Property Condition Reports? Who needs them, when, and why? TrendSource OnSite Inspections has answers…
Lending institutions often find they need boots on the ground and eyes in the field in order to verify a property’s occupancy. Indeed, when underwriting a loan or foreclosing a property, lenders must find locally available, third-party Inspectors to perform Occupancy Verification Inspections on their behalf.