Part 2/9:
During the height of the COVID-19 pandemic, many homeowners experienced significant financial hardship. In response, the government implemented a temporary hold on foreclosures, allowing homeowners to skip mortgage payments without immediate repercussions. This policy brought temporary relief. However, as the forbearance period has ended, those postponed payments, alongside accrued interest, are now coming due. Many homeowners are now faced with the grim reality of increased mortgage bills that they simply cannot afford.