Foreclosures in our future?

You are mixing evictions and foreclosures as if they are one and the same or one necessarily follows or accompanies the other. Not true.

I can't speak for North Carolina, obviously, but in most places of California, equity growth of homes owned as residences or investments has growth substantially in the last few years. An owner with equity would be more than foolish to allow their property to be foreclosed upon when they can sell like any other property and walk away with cash.

Owners with equity are not able to sell as a short sale.

As for those who may be evicted...their poor credit may make them ineligible as buyer-clients.

The people that should be concerned are those that were in pre-foreclosure status before the pandemic as they will be first in line when the courts open up again.  Banks may well offer a loan modification process but the debt may not be forgiven

Good Thursday morning, Ginger.

I hope you are enjoying a very productive month.

Take care and be safe.

I very well may have commented on this already but I think they're always going to be trends and ups and downs we just have to be prepared for us to use our best skills

Ginger Harper - I am receiving a lot of similar emails from companies I don't know warning about upcoming foreclosures. I liked the comment by Ed Silva. Having done short sales before, i.e., 2008, he is correct. In my area, there is also been a lot of training for foreclosure sales for the past two years. So far, I'm not hearing from any previous clients of mine asking for help. 

Haven't seen/heard anything yet Ginger. Our market is still moving right along. Happy New Year to you!

Ginger, looks like you are taking a break, but maybe time to write another post!

Hi Ginger Harper  thanks for dropping by our blog post today. D 

Thank you very much for your comment on my recent post.

Have a productive 2022!

Good morning Ginger - wondering how the market is going in your area now.  Seems like there is a shortage everywhere.

Hi Ginger - I can't imagine with the still hot market in North Carolina that there are anywhere near that prediction.