{"id":9991,"date":"2024-03-19T18:09:08","date_gmt":"2024-03-19T22:09:08","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9991"},"modified":"2024-03-19T18:09:08","modified_gmt":"2024-03-19T22:09:08","slug":"homeowners-today-have-options-to-avoid-foreclosure","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9991","title":{"rendered":"Homeowners Today Have Options To Avoid Foreclosure"},"content":{"rendered":"
\"Homeowners<\/p>\n

Even with the latest data coming in, the experts agree there\u2019s no chance of a large-scale\u00a0foreclosure crisis<\/a> like the one we saw back in 2008. While headlines may be calling attention to a slight uptick in foreclosure filings recently, the bigger picture<\/a> is that we\u2019re still well below the number we\u2019d see in a more normal year for the housing market. As a report from BlackKnight<\/em>\u00a0explains<\/a>:<\/p>\n

\u201cThe prospect of any kind of near-term surge in foreclosure activity remains low, with start volumes still nearly 40% below pre-pandemic levels.\u201d<\/em><\/p><\/blockquote>\n

That\u2019s good news. It means the number of homeowners at risk is very low compared to the norm. <\/strong><\/p>\n

But, there\u2019s a small percentage who may be coming face to face with foreclosure as a possibility. That\u2019s because some homeowners may have an unexpected hardship in their life, which unfortunately can happen in any market.<\/p>\n

For those homeowners, there are still options that could help them avoid having to go through the foreclosure process. If you\u2019re facing difficulties yourself, an article<\/a> from Bankrate<\/em> breaks down some things to explore:<\/p>\n