KCM Blog

Posts tagged as:

Home Delinquency

New Modifications: Nonsense or Does It Make Sense?

March 29, 2010

Last week ended with a somewhat surprising announcement that the administration has decided to offer an addition to their modification program called Making Home Affordable Program Enhancements to Offer More Help for Homeowners. The new enhancements look to give relief to people who are unemployed and those approaching 20% negative equity in their homes. Why [...]

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Has It Become Stupid NOT to Walk Away?

March 2, 2010

Yesterday I posted on the latest Negative Equity Report from First American Core Logic. In that post, I quoted the report as saying that one of the ramifications of negative equity is that it is: a major factor in changing homeowners’ default behavior. That change in behavior could take on many different forms. One of [...]

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Foreclosure and Delinquency Rates by State

February 26, 2010

There has been much talk recently about the number of foreclosures currently held by the banks and when they may be released to the market. The number has been estimated at approximately 1.7 million properties. I believe that the banks will be forced to bring them to market in the near future. Why will banks [...]

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The Domino Effect of Delinquencies

February 16, 2010

Yesterday, I posted a blog on foreclosures. In that post I said: We still have a very serious foreclosure problem in the vast majority of neighborhoods in this country. It will become even a bigger challenge as 2010 moves forward. Some of our readers contacted me and asked why I felt so strongly on this [...]

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The Cost of Walking Away

January 29, 2010

There is a very interesting cultural change taking place throughout the country. And it is the direct result of the current challenges in the housing sector. It seems that there is a wave of support for the concept of walking away from your financial obligations in regard to your mortgage. The stigma attached to those [...]

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Delinquencies: Roadblock to a Housing Recovery?

January 20, 2010

The current economy has devastated the finances of so many families in every income bracket and in almost every neighborhood in this country. More and more people are falling further and further behind in their mortgage payments. In the past people would take a second job or borrow money from family to catch up. Today, [...]

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The Impact of Foreclosures on Real Estate in 2010

January 18, 2010

Going into 2010 things were looking rather ‘bullish’ for the housing industry. Sales were up and prices seemed to be stabilizing.  But in the last few weeks we are starting to see how fragile the recovery actually is. Obviously, when the government ends its support after the first quarter (no longer holding down interest rates [...]

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Are Foreclosures Coming to the Luxury Market?

January 12, 2010

There is no doubt that prices in the lower end of the market have fallen rather dramatically over the last several years. Much of this loss in equity occurred as people were unable to pay their mortgages, and the homes went to foreclosure. Many were quick to dismiss this dilemma as the result of questionable [...]

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Looking Back: Top 10 Real Estate Stories of 2009

December 30, 2009

The last week of December is always an interesting time. As we plan for the next year, we like to look back on all the important stories and events of the last year. We will gather around the television or paper and endlessly quiz each other on the multitude of Top 10 Lists that inevitably appear. Here [...]

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Delinquencies Rise, Casting Cloud Over Recovery

November 23, 2009

Today’s Talking Point 11/23/09 Fear of Double Dip in Housing – Home Starts Tumble and Mortgage Delinquencies Rise, Casting Cloud Over Recovery That was the front page headline last Thursday in the Wall Street Journal. The article discussed what we have been addressing for several months now. The article highlighted a growing problem in housing [...]

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