Default on the rise

Managing Real Estate Broker with John l scott #86099

Banks are seeing an upcycle in foreclosures 

over 15% of loans in 2022 are in default, 

many of these loans are in negative equity 

get ready buyers for a hay day!

contact me with any questions


Comments (3)

John Juarez
The Medford Real Estate Team - Fremont, CA

I am surprised, Daryl, with your finding or a substantial uptick in potential foreclosures and, even more so, the stated lack of equity for those in potential default. Most homeowners have seen a substantial increase in the equity over the last few years.

In my market, our mls shows very few reo properties listed and even fewer short sales.

Jan 24, 2023 12:16 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Jan 25, 2023 02:57 AM
Daryl Datus
John l scott - Port Orchard, WA
Real estate broker

You as well Mr.Weeks

Jan 25, 2023 05:10 PM