Tuesday, 22 June 2021 | The Latest Buzz for the Appraisal Industry

Will Foreclosures Surge as Forbearance Ends?

Will mortgage servicers be overwhelmed by a deluge of foreclosure filings when millions of borrowers exit their COVID-19-related forbearance plans?

Recent data suggest that the storm may not be as bad as some fear. Not only do most impacted homeowners have enough equity – thanks to rising home prices – to avoid foreclosure, the economy is recovering rapidly as states reopen, allowing impacted borrowers to return to work and get back on track.

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