Investors and some home buyers are waiting for home prices to come down. Wondered why I hadn’t heard much about the impact of forbearance and deferments. According to this article, there is little concern regarding a housing market crash. Thoughts? https://www.bankrate.com/.../end-of-forbearance.../amp/
What about escrow balances? I don think you can just tack those on to the end of loan. So lets say your taxes were $3000/year and your insurnace $1000....so rougly $350/month, but you didnt pay that for a year. Probably when you start paying again, theyŕe going to tell you the escow has a severe shortage, and therefore to catch up over a year youĺl need to start paying your monthly mortgage, plus an extra $350/month to catch up. That will be painful for a lot of people. Maybe they can do it, maybe they cant.