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Foreclosures Will Not Become a Home Buyer’s Window of Opportunity

Cover picture for the articleAt the peak, more than 9 million American homeowners paused paying their monthly mortgage payments during the most difficult months of the pandemic. They did not go into foreclosure but instead entered “forbearance.” This allows homeowners with a mortgage to pause or reduce their payments for a limited time. At some point, they must resume making payments and make up the missed payments. The government says that as of July 23, 2021, there were still 1.75 million Americans in forbearance.

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Kristin Heflin

This is EXACTLY how the housing market crash started in 2008. Banks are already starting to take the same safety measures they did at that time as well. It's happening.... people are just not accepting it yet.


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