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Why are foreclosures so low?


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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