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BUYING A HOUSE 

Wait Or Do It Now?

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America has long been known as a mobile society, starting from the days of the pioneers. The pandemic and the gathering recession make buying a new house problematical. What if now, for whatever reason, you need to pull up stakes and find a new dwelling? And you have to sell your old home? To answer that question, we turn to the sage Rick Kahler, the founder of Kahler Financial Group, in Rapid City, S.D.

Larry Light: Why, amid these bad times, would someone want to move?

Rick Kahler: Suppose that you retired last year, you’re ready to downsize or move to a warmer climate, and you have been getting your house ready to sell. Or suppose you recently made a career move that includes relocating to a different part of the country.

Light: Given the economic and emotional uncertainties around the COVID-19

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BUYING A HOUSE 

Buying a House After Bankruptcy? How Long to Wait and What to Do

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Securing a home loan and buying a house after bankruptcy may sound like an impossible feat. Blame it on all those Monopoly games, but bankruptcy has a very bad rap, painting the filer as someone who should never be loaned money.

The reality is that of the 800,000 Americans who file for bankruptcy every year, most are well-intentioned, responsible people. Life has thrown them a curveball, however, that has left them struggling to pay off their past debts.

Sometimes, filing for bankruptcy is the only way out of a crushing financial situation, and taking this step can really help cash-strapped individuals get back on their feet.

And yes, many go on to buy a home eventually, despite the challenging credit score that results from bankruptcy. But how? Being aware of what a lender expects after a bankruptcy will help you navigate the mortgage application process efficiently and effectively.

Here are

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FORECLOSURE HOMES 

Investors wait to capitalize on pandemic-related foreclosures

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Investors are rubbing their hands with glee at the prospect of a surge in repossessed homes as millions of homeowners are believed to have fallen behind on their mortgage repayments, putting them at risk of losing their homes once moratoriums end.

The Wall Street Journal says that investors are expecting a “potential bonanza” of distressed properties to be auctioned off, in addition to the emergence of a new wave of renters.

Around 3.5 million home lines are currently in forbearance, as of September 6, according to data from the Mortgage Bankers Association. And there are about a million more homeowners who’re believed to be behind on their mortgage payments, who haven’t entered into a forbearance program.

Now, investors are getting ready for thousands of those homes to come onto the market. Private individuals and investment firms have bought more than 1 in every 10 homes sold in the U.S. over

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