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re: 7.7% of Mortgages Now in Forbearance
Posted on 5/9/20 at 11:24 am to stout
Posted on 5/9/20 at 11:24 am to stout
quote:
In short, this means that we may see a housing crisis worse than the subprime collapse of '07. Experts estimate that 15 million mortgages will be in default at some point within in the next 2 years. Default does not mean all of them will make it to foreclosure because there are some programs out there to assist that didn't exist in 2007.
Bought a townhouse in February. Great timing.
1
Posted on 5/9/20 at 11:26 am to OMLandshark
quote:
Bought a townhouse in February. Great timing.
Yea you might lose some value on paper. Just don't sell until the market recovers. Rent it out if you're still upside down in a few years when you're upgrading or moving.
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