(English) Will Foreclosures Be Erased?
Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense.
We believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!
I agree that less foreclosure supply will temporarily stabilize the real estate market. The other shoe to drop on this mess though would be the increased cost of credit. If banks can’t foreclose or have to delay foreclosure, which as mentioned will cost them billion of dollars, then they will have to increase the cost of borrowing to offset the losses. Higher interest rate and fees are certainly to follow.