The real estate crash, the housing bubble, the housing market crash--call it what you please--is here. The housing market sale has begun. There are now millions of mortgages in default and the 2022 and 2023 housing crash has entered a new era.
Foreclosure Starts are up by over 150% YoY -- the surge well exceeds the foreclosure backlog and foreclosure moratorium created by the COVID Pandemic and its limitations on banks' foreclosure ability. Bad loans and bad mortgages abound.
Moratorium is now a thing of the past. Prepare for a wave of Short Sale, Auction, Pre-Foreclosure and Foreclosure Auction. Foreclosure listings are simply unbelievable now.
