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Home Foreclosures are Surging. Repeat of 2008 Mortgage Bust Coming? | Nick Gerli & Amy Nixon

Wealthion - Be Financially Resilient

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The Rise of Foreclosures in America

The inventory of foreclosure homes in America is up about 30% year over year, the highest level in three years. There's a high likelihood that we do see a big increase in foreclosures going forward. The government is starting to incentivize risky loans for low income, low credit households through a variety of different mechanisms. And so when people are having to spend such a crazy amount of their income on their mortgage and on their interest in debt costs, that greatly increases the chance that they're number one going to default and then get foreclosed on.

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