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8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

by | Jan 29, 2021 | Colorado Foreclosures, Colorado Hard Money, Colorado real estate market trends, Colorado Real Estate values, Colorado Realtor, Denver Hard Money, Denver hard money Lenders, Denver Private Lenders, Denver Private Lending, Denver real estate values, General Colorado Information

Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance.  Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site.  What does this mean for defaults?  Why is one mortgage type...