A New Year’s resolution is a tradition in which a person resolves to continue good practices, change an undesired trait or behavior to accomplish a personal goal, or otherwise improve their life.
“A promise that you make to yourself to start doing something good or stop doing something bad on the first day of the year:” The Cambridge Dictionary.
New Year’s resolutions are inspired by a burning desire to get better. They are a fundamental ingredient to add joy to the holiday recipe. Beginning January 1, those committed to resolutions furiously begin their intended purpose for the new year. However, three months later, New Year’s resolutions become a distant memory that only provokes jokes from family and friends because most people never keep them.
The most common resolutions people make each year are,
- Exercise more.
- Saving money.
- Eat more healthily.
- Lose weight.
- Reduce stress.
- Get more sleep.
- Stick to a budget.
- Focus on my spiritual growth.
At the beginning of 2020, no one imagined, not even in the deepest of dreams,
2020 would be a different year.
New year’s resolutions like,
- Keeping social distance.
- Wear a mask.
- Protect yourself from the pandemic virus spreading.
- Get unemployment help.
- I can’t pay rent.
- Evictions.
- Apply for a mortgage forbearance plan.
- Foreclosure.
It never crossed people’s minds. COVID-19, coronavirus, pandemic, and virus, have become our everyday language. Many people are suffering the ravages of covid-19. Their economies and jobs have fallen to levels where normal life expenses have become impossible.
Christmas in Quarantine
Social distancing is key to preventing the virus from spreading. The traditional holidays gathering and family reunions will not be possible on Christmas 2020.
Visiting grandpas’ homes and meeting with cousins, uncles, and aunties will be done through techno gadgets. Nos hugging, no kissing, and not getting closer than 6 feet are now mandatory.
Even Santa Claus should wear a mask when he slides down the chimney to drop the Christmas presents.
The sad reality is that the United States breaks world records in new COVID-19 cases and deaths every day. The pandemic is real, and we must defeat it together. We must do anything to keep our families safe, especially the elders, who are in society the most vulnerable group.
Oregon’s rules to minimize the contagious rate require Oregonians to stay home during the holidays. If people do not take responsibility for their health by following the health recommendations, closures will be extended in January 2021.
Closure measures are required during the holidays to control the spread of the coronavirus. But these measures put small businesses, landlords, and paycheck-to-paycheck workers on the brink of disaster.
More than four million homeowners have a mortgage forbearance plan in the US. By April 2021, many should retake their mortgage payments and start paying their accumulated forbearance payments again.
What to Expect on 2021
We all pray for the new year to be better. Nobody wants to remember 2020. Its legacy is a sad mark that will be present in humanity’s history. At Better Off home buyers, we believe 2021 will also be a difficult year. Currently, the health, federal, and local authorities are better prepared to face the coronavirus hardship, and new and more effective guidelines will be implemented in 2021.
Unfortunately, many will continue suffering from coronavirus struggles. Economically, many people will not recover quickly. They may not be able to pay rent. Oregon’s courts will be oversaturated with lawsuits after the eviction moratorium ends.
In the same way, foreclosures, like big waves, will come one after another in 2021. The government must intervene with effective assistance to homeowners. If not, almost two million people will lose their homes.
Today’s Political changes, plus the social demonstrations, some of them violent, do not resolve the pandemic problems. Here in Portland, the continuous protests and violent demonstrators have destroyed our city’s economy, peace, and beauty.
We expect the economy to get back on track as soon as possible, but that will be with everybody’s hard work and commitment.
The best way to face the 2021 situation is by anticipating events. Many people with mortgage forbearance plans will not be able to make payments. Tenants and small landlords may not solve money differences putting the second ones at risk of foreclosure.
2021 inherits the murky events of 2020,
- A fatal epidemic.
- Unemployment.
- People’s economies are collapsing.
- Homeowners unable to keep their homes
Safety and peace are at the test with hundreds of protests worldwide.
Leading economists are warning that this year’s booming housing market will soon give way to a rising tide of foreclosures that will submerge many homeowners in the coming year.
Mental or Moral Strength to Resist Hardship
Definition of courage by Merriam-Webster “mental or moral strength to venture, persevere, and withstand danger, fear, … to resist opposition, danger, or hardship.”
Mental strength allows you to keep going when the world seems to have turned against you. Learn to keep your problems in proper perspective without losing sight of what you need to accomplish.
Covid-19 has brought extreme difficulties and pain to many people. The death of a loved one is an unfortunate event no easy to assimilate. Our prayers and thoughts are with the grieving people. Human health is in danger. For many, their emotions have been compromised by adapting to the new normal. The confinements necessary to deal with the pandemic have caused traumatic stress to many people who believe their freedom has been usurped.
Mental strength is fundamental to solving any problem. Keeping a positive attitude gives you the clarity of mind to make the right decisions at the right time.
Drastic problems require drastic solutions. If in 2021, money is tight, if your income stream has become a trickle, don’t wait for things to get worse.
The reality is millions of Americans are suffering the consequences of COVID-19 hardship. America is a country of smart, dedicated, and problem-solving people, so when you are underwater, acting right away is what you need to do to get on track again.
If you need to sell your mortgage forbearance house or have a rented house with tenants unable to pay rent. Better Off Home Buyers will buy it.
Selling your home during this time will help you to recover. Portland’s real estate market during the third quarter of 2020 has been in good shape. The year 2021 will be tougher for any industry in the US. Home prices will fall in Portland and across Oregon.
Selling today will save your credit and your home equity and give you a chance to reorganize your finances in 2021.
Because you need to solve your financial problems, selling your forbearance mortgage house is the answer to start your financial recovery. Better Off Home Buyers buy homes AS-IS.
To start the selling process of your house, contact us by filling out the form on this page or dial our phone number directly.
Equity And Home Prices May Go Down in 2021
In Portland and the US, house prices have risen close to 20%. In our city, the median single-family home price in December 2019 was $ 439,000, ending November 2020 at $ 495,900.
Paradoxically, now is a good time to sell your home. Many homeowners who need to sell their properties can seize the moment. We know of people who sold their homes at the current market prices; they could pay the missed months of the forbearance plan and move on.
The Federal Reserve‘s open market committee (FOMC) meets regularly to decide what to do about short-term interest rates. Analysts and economists keep a close eye on interest rates as these key figures are manifested in every asset market in the world. Stock traders almost always rejoice when the Fed cuts interest rates. But a drop is not good news for everyone. Rate cuts tend to favor borrowers but hurt lenders and savers.
When the Fed cuts interest rates, lenders are hurt!
Banks and lenders rely on cash to do business; they are not interested in having a huge house inventory because this represents losing money. But today, there is a significant difference, with $ 559 billion in unpaid principal, an active market, and substantial equity. Foreclosures are welcome.
Experts anticipate that 2021 will be a difficult year for the real estate industry. The economy in good health is the most important factor for the entire sector to continue producing. If the experts’ forecast is correct, home prices will go down up to 35%. They believe the first half of the year will be critical, and the economy won’t move upwards.
Although the FDA and its distribution have approved a vaccine that started a few days ago, there is still a long way to go before the pandemic can be under control. Until this happens, the economy will continue to decline, people’s incomes will decline, and many will lose their homes to foreclosure.
2021 Resolution, Selling My House In Mortgage Forbearance.
Resolutions for 2021 could be very different from resolutions for other years. Selling your house in 2021 may not be a resolution. It is surely a necessary action to alleviate your current economic situation.
Selling a house in a forbearance mortgage plan shouldn’t be different than selling a house without it. The home selling traditional process allows anybody to sell his property following a well-established system and regulations.
The real estate market in Oregon has been volatile during the pandemic, especially in Portland. We have seen the bubble inflate since the coronavirus broke out, and the low-interest rate was implemented early this year. Also, in many cases, home sales time has decreased from the traditional 90 to 120 days to 45 days.
Selling a house in the real estate market takes time and money. Sellers would hire a real estate agent, prepare the house for sale, do repairs, do cleaning, schedule buyer’s visits, and wait for the right buyer to show up.
But if your house is in perfect condition, the only problem is that you can not make the mortgage payments on time. You have many chances to sell your property in the traditional market.
On the other hand, If a home seller is going through a difficult situation like many homeowners are experiencing because of the coronavirus hardship, he may not have money to cover the expenses related to selling his property. He may be unable to find a real estate agent willing to sell his home. Most real estate agents do not deal with unsightly (ugly) properties. They prefer to list houses in perfect condition.
Unemployment and COVID-19 are the generators of the main regulations taken by authorities here in Portland and across the country. Forbearance mortgage plans are measures to keep people in their homes. The problem is that once the plans come to an end, chances are people still don’t have the wherewithal to get back to normal and be unable to pay past due debts, ending up losing their properties by foreclosure.
Selling while mortgage forbearance.
While you are in a mortgage forbearance plan, you can sell your house. Although, there are a lot of people that may reach the end of their forbearance and be able to retake mortgage payments. Also, many are not able to continue making payments. Millions are unemployed or forethought, so their only option is to sell their house.
After the forbearance plan is finalized, many homeowners will still be unable to make their mortgage payments. Without a doubt, selling the property is a good option. However, hiring a real estate agent is not. It would simply extend the missing payment time and could put the homeowner at risk of foreclosure.
Better Off Home Buyers can buy your house. Our home purchasing process is easy to understand, clear, and fast. Our clients control the selling transaction time. If you need to sell your house because that is the best option to get back on track and because you want to prevent yourself from facing foreclosure and the negative consequences attached to it. Let us help you.
In our experience, homeowners get more money selling their houses to us than selling through the real estate market.
Keep in mind that selling a house through the regular market takes time. Homeowners need to take a lot of money out of their pocket to pay the agent’s commission, home repairs, legal, house appraisal, and closing fees.
A Mortgage Forbearance Tenant-Occupied House.
If the house you need to sell is your mortgage forbearance rental property. No real estate agent will take your business. Real estate agents do not deal with such ordeals. Most don’t know or have experience selling a house where tenants are involved.
If you want to hire a real estate agent to sell your rental-occupied property. Be ready to be rejected.
Our company, Better Off Home Buyers, is a professional home-buying firm that counts on well-trained professionals in all the home-buying aspects. Our legal team supervises every single process to guarantee the best results for our clients.
Our home-buying process begins when a client contacts us. You will negotiate directly with a decision-making executive at Better Off Home Buyers. This means we can offer your home immediately after visiting the property for an inspection.
After you accept our offer, the closing is in 7 days. Closing time depends on the circumstances. Sometimes we have closed in 2 days.
In 2020, COVID-19 caused unexpected situations for Americans. Portland has been the spot for protests, violence, and riots. The downtown and other city places have become home to many homeless people. On top of that, Oregon had wildfires that destroyed five small towns.
Two thousand twenty-one resolutions would be accomplished with faith. the worst decision is the one that is not made. If you need help selling your house, call us. Contact us by filling out the form on this page or dialing our phone number directly.
También hablamos español.