A Surge in Foreclosures?

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Are we about to face a surge in foreclosures next year resulting from delinquencies brought on by the Coronavirus pandemic?  On a recent episode of Real Estate News for Investors, Kathy Fettke takes a look at a recent report from ATTOM Data that is forecasting a dramatic rise in foreclosures by Q2 of 2021.  She does however, point out that there are a number of unknown variables that may help or hinder this potential deluge – including Congressional action (or inaction), high unemployment numbers as well as a presidential election this Fall.  Indeed…

“We still have several months of uncertainty ahead of us that includes a presidential election, but the foreclosure situation is something that real estate investors should keep on their radar.”

Click here to read the transcript at RealWealthNetwork.com.

 

 

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Director of Education & Outreach, National Real Estate Investors Association

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