Are you worried that today’s higher costs are going to lead to a big wave of foreclosures because homeowners will struggle to make their mortgage payments? Here’s what you need to know.
While it’s true foreclosure filings may be up slightly, data shows they’re nowhere near 2008 levels.
And here’s some more context you may not have heard. Unlike last time, most homeowners now have a lot of equity. That creates a financial cushion that helps give them options to avoid foreclosure.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Paulo Rodriguez and/or related companies do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Paulo Rodriguez and/or related companies will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
