Residential Magazine

Foreclosures could spike if dire predictions come true

By Daren Blomquist

Two converging trends could drive foreclosures in 2023. The first is a growing backlog of pandemic-era distressed properties that are no longer mitigated by foreclosure-protection laws, while the second is the growing risk of a housing and economic downturn that pushes more homeowners into distress. The COVID-19 pandemic did not trigger a massive surge of…...

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