Chances of Another Foreclosure Crisis? “About Zero Percent.”

What are your thoughts? Will we see a rise in foreclosures?

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing. There was no empathy for the challenges those households were facing.

This time is different. There was an immediate understanding that homeowners were faced with a challenge not of their own making. Read the complete Keeping Current Matters article here.