2022 Trends in the Foreclosure World, including the Great Rise in Housing Values

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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 how homeowners can tap into that home equity on future shows.

– In the litigation arena, institutional mortgage foreclosure plaintiffs in judicial foreclosure states are becoming more assertive in bringing matters forward; likewise in non-judicial 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.

4 Responses

  1. Ian – no vetting occurs. And judicial states very different from non-judicial. A lot of focus here has been on non-judicial states. The law is different. Has to be bent more in judicial states. And lien/title theory rarely addressed. Foreclosures after crisis started in California – non-judicial state, and much law erroneously developed from there. Honestly – don’t know why anyone would buy a home in a non-judicial state. But, now judicial states affected by non-judicial bad law. How goes CA – goes NY – goes NJ – goes the rest of the country – even when the law is different. But courts – they don’t know the word “Law.” Politicians – they don’t care – until it personally affects them. Java is correct — “House rich and cash poor is a bad combination.” And a target for fraud.

  2. Upon reading this, I remember that the only person who can make a credit bit is the creditor(duh).
    With this in mind, does anyone vet the “lender” “servicer” fin tech company who is making the bid?
    Or is that once again up to the unwitting homeowner or his/her unknowledgeable “legal counsel”?

  3. My Math says. Higher House Values in this Ponzi House of Cards are NOT good for Homeowners.

    Servicer Debt Collectors (They are NOT Banks or Lenders) even in the 2nd position will Fraudclose now, before the collapse comes ,in the near future.

    First by Inflation. Then by Deflation. You will wake up homeless.

    House Rich & Cash Poor is a bad combination.

  4. Neil, home VALUES do not raise. Prices are rising.

    Of course here are tons of foreclosures will be filed because Courts are part of this crime and Judges and Agencies cover for it

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