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Will Foreclosure Bans Impact the Local Real Estate Market?

“Right now all is quiet on the foreclosure front but caution is in order,” said Rick Sharga, Executive Vice President with RealtyTrac, a leading source of investor leads and data. “While it’s unlikely that we’ll see the kind of foreclosure tsunami we saw between 2006 and 2010 when we had more than 18 million foreclosure filings, it’s very likely that we’ll see an increase in delinquencies and defaults once the foreclosure moratoria and loan forbearance programs expire.”  

Are you going into Foreclosure? Have you Been served a Notice? Only Time will Tell which direction we end up. If you need help, Give us a call so we can Discuss your Options.

I thought you might be interested in this article from RealtyTrac. You can view the complete article here: http://www.realtytrac.com/news/how-have-foreclosure-bans-impacted-real-estate-investors/

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