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The Coming Wave of Foreclosures

Close up of a mobile phone with Coronavirus covid-19 economic crisis news article.

In the end, there were few repercussions felt by the banks in the aftermath of the 2008 crisis. The lessons learned were they could get away with it again.

And, chances are, a lot of homeowners are about to become victims. It’s estimated nearly 10% of American households are behind on their mortgage right now — over 10 million homes. To understand the scale, there were 3.7 million foreclosures in the entirety of the great recession.

There is a storm coming. Make sure your family is prepared.

Great op-ed in the Herald from friend-of-the-firm Ricardo Corona. You can read it here or here.

 

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