Part 1/9:
The Surge in Foreclosures: Understanding the Current Housing Crisis
In recent months, a notable trend has emerged in the real estate market—banks are reclaiming properties at an alarming rate. This situation is attributed to a confluence of economic factors that have gradually unfolded over the years. From adjustable-rate mortgages to job losses, divorces, and the lingering consequences of the pandemic foreclosure moratorium, a perfect storm has been created. Let's unpack this critical issue affecting countless homeowners today.