9
Feb
Government Moratoriums and Loss Mitigation Programs Have Made Things Worse
housing market
*This was submitted by Tod R. one of our subscribers:
You’re going to see how the government’s moratoriums and loss mitigation programs have affected foreclosures and shadow inventory.
Shadow inventory is made up of all the properties that are in foreclosure or headed toward foreclosure that haven t hit the market yet. There are 7 million homes in this shadow inventory category. What the government isn’t telling you is that their moratoriums and loss mitigation programs created a huge surge of foreclosures that are about to pop.
Their effort to decrease foreclosures has backfired.
