How the Government Programs Affect Homeowners (with George Gammon)

How are mortgages being affected by the recent government stimulus? The vast majority of people with mortgages can get a forbearance. It's very easy to apply. You can get it simply off the basis of ""economic circumstances.""

There will be another round of bailout. How will this affect nominal prices in the market? This will likely just slow the decline because it will prevent some people from totally sinking. When you own a house, you do have some leverage with the mortgage company, whereas when you rent, there's less you can do.

The foreclosure timeline has been extended so we're a ways out from real estate prices to drop. It's a very slow gradual process which gives real estate investors time to think and make the right decision.

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