BlueHub SUN Blog

Foreclosure Trends | Housing Professional

CFPB Proposes New Rules to Help Homeowners Avoid Foreclosure

November 21st, 2024

The CFPB proposed new mortgage servicing rules to prioritize borrower assistance over foreclosure, streamline loss mitigation processes, and improve communication. Key changes include limiting fees during reviews, simplifying applications, and requiring clear, multilingual notices. Aimed at reducing preventable foreclosures and enhancing transparency, the rules may take effect by late 2025 or early 2026, pending finalization.

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Foreclosure Trends | Housing Professional

CFPB Proposes New Rules to Help Homeowners Avoid Foreclosure

November 21st, 2024

Budgeting | Tips for Homeowners | Homeowner

Essential Money Management Tips & Importance of Emergency Funds

October 29th, 2024

Effective money management starts with budgeting to prioritize essential expenses and allocate savings. Automate transfers to build an emergency fund, aiming for 3-6 months of living expenses. Reduce unnecessary costs, set clear savings goals, and consider splitting paychecks for consistent growth. These steps help build financial stability and prepare for unexpected events.

Foreclosure Trends | Housing Trends | Housing Professional

2024 Foreclosure Rate Update

September 26th, 2024

The August 2024 foreclosure report shows a slight decline in US foreclosure activity, with 30,227 filings nationwide. Key states like Nevada, Florida, and Illinois lead in foreclosure rates. The second half of the report provides detailed data on foreclosure trends in states served by BlueHub SUN, including Connecticut, Illinois, and Delaware.

Tips for Homeowners | Homeowner

Tips for Managing Rising Property Taxes and Insurance Premiums

August 20th, 2024

Homeowners are facing increased property taxes and insurance premiums, raising monthly housing costs. Property taxes are up due to rising real estate values and local reassessments, while insurance premiums have surged due to inflation and natural disasters. These changes impact escrow accounts, leading to higher monthly payments. Staying informed and proactive can help manage these rising costs.

Elder couple speaking with housing counselor

Housing Trends | Housing Professional

Preserving Homeownership for Seniors: Addressing the Elder Housing Crisis

July 30th, 2024

The U.S. faces a housing crisis for seniors, with the 65+ population rising by 34% in 2022. Financial challenges like rising property taxes, insurance premiums, and mortgage debt threaten the ability of older adults to maintain homeownership. Nearly 11.2 million seniors spent over 30% of their income on housing in 2021. Solutions include tax relief, refinancing, and accessing home equity through safe methods like HUD-certified counselors.

Housing Professional

Expert advice on bankruptcy and foreclosure

June 25th, 2024

In 2009, Connecticut attorney Theresa DeGray, despite being a lawyer, was overwhelmed by debt and filed for bankruptcy. This experience inspired her to help others avoid foreclosure. At her firm, Consumer Legal Services, LLC, she assists homeowners in navigating bankruptcy, striving to end its stigma. DeGray uses her story to build trust and show clients they can overcome financial difficulties.

Tips for Homeowners | Homeowner

Staying Cool This Summer & Power Outage Preparedness

June 20th, 2024

NOAA predicts a hotter-than-normal summer. Keep your home cool affordably by using fans, blocking out the sun, optimizing windows, cooking outside or using the microwave, and switching to LED bulbs. Change air filters regularly. During power outages, stay hydrated, take cool showers, wear lightweight clothing, use battery-operated fans, and find cooler public places. Learn more tips for staying cool and safe during heat waves.

Housing Professional

The Hidden Mental Health Toll of Foreclosure: What Housing Professionals Need to Know

May 22nd, 2024

Foreclosure impacts more than finances, possibly leading to severe mental health issues like depression and anxiety. Housing professionals can offer crucial support by understanding these challenges and connecting clients with resources. This article explores the psychological toll of foreclosure, provides expert insights, and lists national and state-specific support services to aid clients during this difficult time.

Photo By: https://unsplash.com/@olegivanovpht

Tips for Homeowners | Homeowner

A Simple Spring Cleaning Checklist

April 25th, 2024

Spring cleaning rejuvenates your home as winter ends. Our checklist includes gutter and roof cleaning, filter replacements, and tree trimming to prevent damage and boost appliance efficiency. Steps like mulching, power washing, and grout cleaning enhance appearance and safety. These tips can lead to energy savings and a more efficient, resilient home for the warmer months.

Foreclosure Trends | Housing Trends | Housing Professional

The State of US Housing Market in Spring 2024: What's in store for buyers and sellers?

March 28th, 2024

Spring 2024 U.S. housing market: Mortgage rates dip, boosting optimism. Inventory rises with Fed's rate cut plans, amidst high home values and affordability challenges. Opportunities emerge for buyers and sellers in a shifting market landscape.

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