Anticipated gradual increase in foreclosures throughout the remainder of the year, according to Auction.com.

According to a recent survey of mortgage default servicing leaders, it has been indicated that foreclosures are anticipated to experience a gradual increase in the latter part of the year. Despite this projection, a significant amount of home equity is poised to serve as a buffer, preventing a considerable number of properties in loss mitigation from transitioning into foreclosure status.

Key points from the survey include:
– Foreclosures are expected to rise slowly in the second half of the year
– Ample amounts of home equity are predicted to help keep many properties in loss mitigation
– The survey was conducted among mortgage default servicing leaders

You can read this full article at: https://www.housingwire.com/articles/foreclosures-expected-to-grow-slowly-the-rest-of-2024-auction-com/(subscription required)

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