Foreclosures are rising, but numbers remain well below the levels seen during the 2008 crash. Current mortgage delinquencies are stable overall, with FHA borrowers more affected by economic shifts. Experts don’t anticipate a crisis, but monitoring is essential. Homeowners facing hardship have options, including repayment plans or selling to avoid foreclosure.
Tag Archives: Mortgage delinquencies
Don’t Expect a Flood of Foreclosures
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, expertsContinue reading “Don’t Expect a Flood of Foreclosures”
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