Wednesday, December 7, 2022 | The Latest Buzz for the Appraisal Industry

‘Foreclosure Tsunami’ Fears Might be Faulty—Here’s Why

Foreclosures will still happen, but, consider the two-step foreclosure process to understand why this recession is different.  As COVID-19 swept America, economic activity declined, and the unemployment rate spiked to 14.4 percent in April (and remains elevated today), some pundits predicted that up to 30% of homeowners would require forbearance, ultimately leading to a “foreclosure …

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