The CFPB is predicting the possibility of a wave of foreclosures at the end of 2021. What does that mean for you? Buying opportunity or wait it out?
This information is to help in doing your due diligence. Make sure you consult with an expert before making any investments.
Source:
https://www.forbes.com/advisor/personal-finance/cfpb-proposal-no-evictions-until-2022/#:~:text=The%20CFPB%20proposal%20aims%20to,prohibited%20until%20January%201%2C%202022.
There are many sources-look up "CFPB wave of foreclosures" and see all the articles that pop up!
0:00 Intro
0:10 CFPB says Wave of Foreclosures
0:32 2007-2008 Market Wave
0:51 Covid-19 Moratorium on Foreclosures
1:25 How many people are not current on their bills
1:40 Effects of moratorium
1:57 Warning from CFPB to servicers
2:23 CFPB's suggestion to prevent foreclosures
3:08 What the lenders can do to prevent foreclosures
3:35 Current state of real estate market
3:58 Anecdotal evidence
4:18 Interest rates going up
4:30 Effects of stimulus payments
4:53 Potential effects of foreclosures
5:22 Housing shortage in California
5:55 Great time to sell
6:20 When you can start picking up properties
6:40 Best case scenario
6:54 Effects of current seller's market
7:18 Suggestions for making new videos
7:38 Series on buying a home
7:56 Outtro
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