You will hear a lot about the end of forbearance in the media and foreclosures up 49% in the coming weeks.

Posted
You will hear a lot about the end of forbearance in the media and foreclosures up 49% in the coming weeks. It’s essential to look at the data from 2019 and see that the housing shortage and demand should absorb an increase in foreclosures. 2019 was the best housing marketing post great recession and we are not expecting 28,000 foclosures like 2019. Most distressed homeowners have equity and options when exiting forbearance. I never wish foreclosure on any homeowners, and the data looks promising at this stage in the pandemic.