4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program states Mike Eastwood Author-Chief Executive Officer of West USA Realty of Prescott. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen.
1. Almost 50% Leave Forbearance Already Caught Up on Payments
2. The Banks Don’t Want the Houses Back
3. There Is No Political Will to Foreclose on These Households
4. If All Else Fails, Homeowners Will Sell Their Homes Before a Foreclosure
To learn more about the Prescott, Arizona real estate market contact Mike Eastwood CEO of West USA Realty of Prescott at 928-636-1500 or visit us at www.westusaofprescott.com