Covid-19 mortgage bailouts decline slightly, but a new foreclosure crisis could be brewing
A lot of things “could” be brewing right now in real estate, there’s a lot going on. The FED is buying mortgages, a lot of people are selling their homes and relocating, a lot of people are buying because of the low rates, a lot of people are refinancing, a lot of people are in forbearance because they can’t afford their mortgages due to economic hardships caused by the pandemic, and a lot of people are delinquent but can’t be legally evicted or foreclosed.
Time will tell what any of this looks like on the other end of this situation. Lots of possible “could” scenarios.
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, The Dismal Science reports