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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Tips for Homeowners | Housing Professional

Helping Homeowners in Chapter 13 Bankruptcy Prevent Foreclosure

February 22nd, 2024

In 2023, U.S. bankruptcies spiked by 16% to 434,064, underscoring growing economic distress. For homeowners facing foreclosure, Chapter 13 offers hope, enabling debt reorganization and home retention, unlike Chapter 7. This rise, notably in low-income areas, emphasizes the critical role of legal guidance in navigating bankruptcy to safeguard homes.

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Tips for Homeowners | Homeowner

Navigating Free Tax Filing Systems

February 19th, 2024

Tax season is here! Our latest guide gives information on how to file your taxes efficiently and affordably. We've compiled available resources and programs in your state aimed at reducing the financial burden and complexity of tax filing. Read the guide to discover free or low-cost tax preparation services available in your area.

Foreclosure Trends | Homeowner

State-by-State Guide on How Long it Takes to Foreclose on a House

January 29th, 2024

The timeline for foreclosing on a house varies significantly depending on state-specific legal frameworks and regulations. In some jurisdictions, the foreclosure process can be relatively quick, concluding in just a few months. In others, however, it might extend well over a year. Learn the expected duration of a foreclosure processes in the states that SUN serves.

Foreclosure Trends | Homeowner | Housing Professional

Case Studies: How SUN Helped Two Families Refinance Out of Foreclosure

January 25th, 2024

BlueHub SUN's unique approach to aiding homeowners in financial distress, offers solutions where traditional lenders may not. Lauren Taylor, a single mother, was saved from losing her home to a balloon payment through a timely loan from SUN. Kevin Russell, a single father, avoided eviction and increased his home equity with SUN's refinance loan.

Tips for Homeowners | Homeowner | Housing Professional

HomeFree-USA's Collaborative Approach to Homeownership Counseling

December 6th, 2023

Gary Plummer joined HomeFree-USA in 2012 to combat the Black homeownership crisis. Specializing in strategic partnerships and counseling, the nonprofit targets the racial homeownership gap, highlighted by minimal progress since 1968. Their work in education and financial literacy empowers sustainable homeownership and generational wealth in marginalized communities.

Tips for Homeowners | Homeowner

How to Get Your Home Ready for Winter

October 25th, 2023

As temperatures begin to dip, make sure your home is ready for winter so that you can keep the cold out and your heating bill down. Check out these 10 tips to winterizing your home on a budget.

Tips for Homeowners | Homeowner | Housing Professional

12 Months to Better Credit: Rebuild Your Credit Score to Improve Your Financial Health

October 24th, 2023

Credit scores weigh heavily on a homeowner's ability to borrow money. This actionable guide provides a month-by-month strategy to improve your credit score steadily over time.

Tips for Homeowners | Homeowner | Housing Professional

Navigating Financial Hardship: Foreclosure Prevention for Homeowners

September 26th, 2023

Financial hardship can arise suddenly, putting your most valuable asset – your home – at risk. While foreclosure may feel like an alarming prospect, strategic action can help protect your home even in difficult circumstances.

Housing Trends | Housing Professional