Why Don't I Envision a Wave of Foreclosures in 2021?
Due to the enormous increase in unemployment in 2020, it’s natural to assume a wave of foreclosures is coming, just like we saw in 2008. However, history is unlikely to repeat itself in this situation. Today I’m sharing three reasons why a foreclosure crisis isn’t anticipated. First, homeowners have much more equity these days than they did back then. To learn why else you shouldn’t count on tons of foreclosures hitting the market, watch this short video.