What happens when people stop paying their mortgage? Why haven't we seen more foreclosures? Are taxpayers paying for the this? REO Expert, John Hoffman of Why Rent Realty shares the facts on mortgage defaults.

Watch the full video on Sachs Realty's YouTube channel.

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Todd Sachs, is a Maryland Real Estate Broker providing information based on his opinions and the opinions of others regarding the housing market, the U.S. economy, and geopolitics affecting Americans. Todd Sachs is not a Mortgage Lender, CPA, Attorney, or Financial Advisor and any information provided in this video or any videos containing Todd Sachs including the descriptions and titles are for entertainment purposes. This is not to be considered broker representation, legal, financial, or tax advice. All content including written, spoken, or implied is deemed to be true, but not guaranteed and based on opinions. It is your sole responsibility to verify any and all information for accuracy and correctness. If you're currently represented by another Real Estate Brokerage, Todd Sachs is not attempting to solicit your representation. Looking to buy or sell? We efficiently assist buyers, sellers, landlords and tenants in Maryland and across all 50 states through Sachs Realty's Broker Referral Network. Main Office: 443-318-4514 Maryland Broker License Number 607720 Equal Housing Opportunity

Why Haven't Foreclosures Spiked, Are Taxpayers Footing the Bill?