There Is NOT A Wave Of Foreclosures Coming ... Yet
Updated: Mar 27
Since the beginning of the pandemic and the shutdown of the economy, experts and others have predicted there would be a wave of home foreclosures sweeping the nation.
Government stimulus and a foreclosure moratorium almost certainly helped stave off thousands of foreclosures throughout the first half of this year, but now that the moratorium has ended, it might be logical to think that wave of foreclosures is coming.
However, CoreLogic recently released a report of the national Delinquency Rates for mortgage borrowers and it seems to show that mass home foreclosures are not happening on a large scale ... at least, not yet.
In the video below our lead Realtor, Mike Schoonover, reviews the CoreLogic report and shares some key findings. Take a look:
You can find a full copy of CoreLogic's findings at: https://www.corelogic.com/intelligence/loan-performance-insights
If you or someone you know is having trouble making monthly mortgage payments we may be able to point you to resources that can help.
Send us an email at 812Living@gmail.com and we would be happy to help connect you with the tools and organizations that may be able to assist you in keeping your home.
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