When Wall Street’s recklessness eventually crashed the mortgage bond market, the result was trillions in home equity lost and economic devastation for millions. The ripple effect seized up credit markets, stifled economics growth, killed jobs and resulted in millions of foreclosures.

As society slogs through the mess, additional improprieties have…

Image credit: Sonoma County Gazette

Here are several things to consider.

Considering the unintended consequences of the forbearance provisions of the CARES Act outlined above, if mortgage holders request forbearance even if they can make their mortgage payments on time, the likelihood of even tighter lending standards and higher interest rates increases dramatically. …

Stefan Georgiev

Real Estate Specialist in the Twin Cities area.

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