If you are still in forbearance and have not made a loan modification or other mortgage assistance deal with your bank, you will lose all foreclosure protection on January 1, 2022. All government mortgage assistance programs are ending. With the end of Covid-19, comes the return to a normal real estate market, which means the return of foreclosures. Only the Homeowner's Assistance Fund remains to help struggling homeowners, but that also requires you attempt a loan modification with your bank. Attorney Diego G. Mendez, Esq., Mortgage Attorney, explains how the end of the year will also bring the foreclosure wave that experts have been predicting since the beginning of the Covid-19 pandemic.
real estatereal estate foreclosurehousing market
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