Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
Posted by Lauren Perreault on Friday, August 18, 2023 at 8:12:33 AM
By Lauren Perreault / August 18, 2023
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Some Highlights
- Some people are concerned that continued rising inflation may result in a torrent of foreclosures. Here's why that's highly unlikely.
- Fewer consumers are currently badly behind on their mortgage payments. If foreclosures were to skyrocket, more people would have to fall behind on their payments.
- A wave is unlikely to occur because most people are paying on time. If you're worried about a wave of foreclosures, the evidence demonstrates that it's unlikely.
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