How many of these foreclosures belong to laid off federal government employees?
It doesn’t matter who had the mortgages.
The point is that the Federal government has been paying the loans so that these wouldn’t go to foreclosure.
Therefore, artificially supporting the real estate markets in generally less affluent areas to make the economy seem better than it was.
Which means now that the Trump administration is in charge the SH#T is going to hit the fan again.
How many of these foreclosures belong to laid off federal government employees?
They’ve only been laid off for a few weeks (and as far as I know, got severance pay). It takes much longer than that for the foreclosure process.
Too soon for them. These loans are seriously delinquent which means 3+ months. Around where I live I believe prices are down about 10%year over year on comparable houses and selling pace has abated a bit. We live NE of Jacksonville fl. One thing increasing ironically is the number of real estate sales people. Seemingly cannot walk a few yards without stumbling over one. If the FHA has been putting out NINJA loans again, those responsible should be shot.