Rebuilding Homeownership
An Inman News Special Report
By Matt Carter and Andrea V. Brambila
The loss of homes, jobs and wealth, coupled with an environment of tighter lending, has locked some would-be homeowners out of the real estate market for years to come.
Foreclosure and personal bankruptcy can take a heavy toll on credit scores, which are a key in securing a home loan.
This report, "Rebuilding Homeownership," details the depleted pool of borrowers and the financial challenges ahead for some consumers to buy back in to the American Dream of homeownership.
Part 1 of this “Rebuilding Homeownership” series explores the scope of bankruptcies and foreclosures and the impact to would-be homeowners. Part 2 explores the assistance that real estate agents can and cannot offer in helping consumers get back on firm financial footing, and Part 3 explores whether lenders will make allowances for borrowers with checkered credit histories.
Inside:
Part 1 Real estate’s down-and-outers
Long after the global financial crisis subsides and the U.S. economy is again creating jobs, many former homeowners may find it hard to convince lenders to give them the time of day.
Part 2 A role for agents in credit crisis
Real estate professionals nationwide face the challenge of dealing with clients whose credit scores will be marred for years to come. For many of these “credit-challenged” consumers, the real estate agent is the first point of contact for their next attempt at grasping the American Dream of homeownership.
Part 3 Damaged credit a dilemma for lenders
While bankruptcies and foreclosures could lock millions of would-be homebuyers out of the real estate market, the long-term impacts may depend on whether lenders are willing to make allowances for previously responsible borrowers who lost their home through circumstances beyond their control.
Price: $79.00
Inman News' Industry Special Reports are FREE to all Premium Members.
Premium Membership is only $149.95 per year. Upgrade immediately to read this report.
Current Premium Members, please sign in to your account to access this download.
Looking for more of the latest real estate technology and marketing news? Make this your best year ever! Join us at Real Estate Connect!
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.