Many Homeowners are facing not being able to make their full mortgage payment, going into or being in default, facing possible foreclosure soon after a short forbearance term expires, losing all or any equity and eventually being evicted due to the current economic hardship being experienced by them or their family members.
This pandemic happened so fast that virtually none of us had time to prepare and put some money aside. Those of you that were blessed that did are now concerned that the economic recovery will long outlive your reserves.Â