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Why are foreclosures so low?

  • Writer: thehometeamdenver
    thehometeamdenver
  • Apr 29, 2022
  • 1 min read

Why are foreclosures so low? Because banks are only making loans to borrowers with strong credit!

In 2005, 40% of mortgages had adjustable rates… Less than 1% in 2021.



Also, a good number of homeowners have large amounts of equity in their homes. They can sell and make a profit before they have to take more drastic measures such as going through a foreclosure.





 
 
 

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