FORECLOSURES AREN'T COMING
Many people are freaking out that foreclosures will be coming soon with home prices sliding back, but that just isn't the case. Here are 3 main reasons why...
#1 Massive Equity Gains
Over the past few years there have been huge equity gains for homeowners. The average US homeowner has $300,000 in equity!
#2 39% of US Homeowners have NO Mortgage
Yes, that's right. NO MORTGAGE. This means almost two fifths of the country owns their home outright so those homes wouldn't be foreclosed on.
#3 50%+ Equity
Homeowners who have 50%+ equity in their homes wouldn't have to foreclosure unless home prices slid back a TON! That 50%+ cushion is another huge reason why those homeowners won't foreclose either.
Also, foreclosures have been decreasing since the 2008 recession!
If you are nervous about a "housing crash", give us a call so we can help you navigate this market and win!
