30 min

2022 Trends in the Foreclosure World, including the Great Rise in Housing Values THE NEIL GARFIELD SHOW

    • Investing

Foreclosure trends for 2022 are developing ever rapidly, and here are some of the most significant ones:


- Home Values continue to rise in many places, disproportionate to historical trends, and loan amounts taken out by homeowners, either in refinances, or new home purchases, have likewise reached historical highs, setting the table for a scenario of a wave of loan defaults, should the economy continue to see massive inflation. 


- Many homeowners have seen large increases in home equity, sometimes enough to offset large arrearages built up over months or years of challenging the 'claimants' to their 'mortgage loans'.


- We will discuss on future Shows how homeowners can tap into that home equity.


- In the litigation arena, institutional mortgage foreclosure plaintiffs in judicial foreclosure states are becoming more assertive in bringing matters forward; likewise in non-judcial foreclosure states, where foreclosure activity is not only dramatically increasing, it is also becoming more assertive in the scheduling of trustee's sales. 


- In the trustee sale arena, the small arena of which is the final stage, the auction site, it is more important than ever in some cases to challenge the sale at the actual site, as there are more and better monied predatory groups as third parties buying large quantities of foreclosed properties at auction. All things being equal, it is almost always better if an auction goes forward, for the property to back to the beneficiary, rather than be sold to a third-party. Reasons for this are several, and will be covered on the Show today, tieing the analysis to unlawful detainer (UD), and bankruptcy (BK), legal procedure.


 


 


 


 

Foreclosure trends for 2022 are developing ever rapidly, and here are some of the most significant ones:


- Home Values continue to rise in many places, disproportionate to historical trends, and loan amounts taken out by homeowners, either in refinances, or new home purchases, have likewise reached historical highs, setting the table for a scenario of a wave of loan defaults, should the economy continue to see massive inflation. 


- Many homeowners have seen large increases in home equity, sometimes enough to offset large arrearages built up over months or years of challenging the 'claimants' to their 'mortgage loans'.


- We will discuss on future Shows how homeowners can tap into that home equity.


- In the litigation arena, institutional mortgage foreclosure plaintiffs in judicial foreclosure states are becoming more assertive in bringing matters forward; likewise in non-judcial foreclosure states, where foreclosure activity is not only dramatically increasing, it is also becoming more assertive in the scheduling of trustee's sales. 


- In the trustee sale arena, the small arena of which is the final stage, the auction site, it is more important than ever in some cases to challenge the sale at the actual site, as there are more and better monied predatory groups as third parties buying large quantities of foreclosed properties at auction. All things being equal, it is almost always better if an auction goes forward, for the property to back to the beneficiary, rather than be sold to a third-party. Reasons for this are several, and will be covered on the Show today, tieing the analysis to unlawful detainer (UD), and bankruptcy (BK), legal procedure.


 


 


 


 

30 min