Foreclosure Filing Doubled But is Still Near Record Low - Real estate trends #foreclosures2023

🔥 Foreclosure Filing Doubled But is Still Near Record Low | Real estate trends #foreclosures2023 🔥 🏆Foreclosure filings, which are the first step in the foreclosure process, have doubled in recent months. Despite this increase, foreclosure filings are still near record lows. This is due in large part to government programs and other initiatives aimed at helping homeowners avoid foreclosure. Additionally, the strong real estate market and low-interest rates have made it easier for homeowners to refinance or sell their homes before they go into foreclosure. 👉🏼 Please Subscribe to My Channel. 🔄 Subscription Link: https://www.youtube.com/@DrDuffy/featured ☛ Your Like, Comments, and Subscribe, Inspire me!!! ============================================= 🎬 CHECK OUT MY OTHER VIDEOS: ⬇️ ================================ 💠How Home Prices Understanding Growth Over Time ✅https://youtube.com/shorts/3ZMADkfGI-g 💠A Different Way - This is Berkshire Hathaway Home Service. The "Forever Brand ✅https://youtu.be/g9nYDj5QLtA 💠GOOD NEWS: 3 Trends That Are Good for Homebuyers in Today's Market ✅https://youtu.be/D7zxJPQHnI8 💠Rely on an Expert When You Sell Your Las Vegas Home ✅https://youtu.be/YahPq-xa4ro ============================= ✅Well, here's some context. The forbearance program allowed homeowners to pause their #mortgage payments during the #pandemic. And while some feared That this would lead to a surge in foreclosures, that isn't happening. 📒Take a look at this. While foreclosure filings doubled over the last year, they're still near record lows and they're certainly nowhere near where they were when the housing market crashed. The latest data shows that foreclosures are also well below the housing market. And what they have seen during more typical years, like 2017 and 2019. 📕So what does this mean with a more qualified buyer and a program that's helped to keep homeowners in their homes? There's no reason to fear a wave of foreclosures. And as a trusted expert, I'm here to explain what's actually happening using data That you can trust. If you have any questions please let's connect. 🟥However, the recent increase in foreclosure filings should not be ignored. It is a sign that some homeowners are still struggling to make ends meet, even in a strong economy. Factors such as job loss, medical bills, and unexpected expenses can all contribute to a homeowner's inability to make mortgage payments. ✅It is important for homeowners who are struggling with mortgage payments to reach out for help as soon as possible. Many organizations, including government agencies and non-profits, offer programs and services designed to help homeowners avoid foreclosure. These programs may provide financial assistance, help with loan modification, or offer other solutions to help homeowners get back on track with their mortgage payments. 🈴While the number of foreclosure filings has doubled, it is still far from the high levels seen during the housing crisis. Nevertheless, it is important for homeowners to be aware of their options and seek help if they are struggling to make mortgage payments. With the right resources and support, it is possible for homeowners to avoid foreclosure and keep their homes. ✔️ Thank you very much for listening and for leaving feedback. I would be pleased if you decided to subscribe and join our community. Have a wonderful day! ✅RELEVANT SEARCH ==================== ✅Increase in Foreclosure Filings ✅The Rise in Foreclosure Filings: A Deep Dive ✅Doubled Foreclosure Rates Despite Low Records ✅Is the Increase in Foreclosure Filings a Cause for Concern? ✅Understanding the Factors Behind the Doubled Foreclosure Filing Rate ✅Foreclosure Filing Increase: What it Means for Homeowners and the Housing Marke ✅RELEVANT HASHTAG: ===================== #shorts #encino #mortgage #shermanoaks #studiocity #calabasas #berkshirehathaway #tarzana #foreclosures #realestate #california #encinorealtor #forbearance

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