Forbearance winds down and some evergreen advice
The contours of the coronavirus pandemic recovery remain the mystery that looms over just about everything in the real estate and mortgage markets these days. Here’s what you need to know about the latest news.
1. Forbearance winds down
Millions of homeowners took advantage of forbearance protections under the CARES Act, but most of those borrowers saw that payment pause come to an end in the last few weeks. It’s unclear what happens now, and while experts have been saying a foreclosure wave is unlikely, uncertainty abounds over whether these loan holders will be able to resume payments.
2. Another cash workaround for homebuyers
Although the real estate market is cooling down slightly, it’s still extremely competitive and cash buyers continue to have an edge. Some…