Don’t Expect a Wave of Foreclosures
![Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Simplifying The Market](https://img.chime.me/image/fs/chimeblog/20230818/16/original_09d52e2b-8bf7-4d2c-8816-580778633192.png)
Some Highlights
- With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
- Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
- Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.
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