The COVID-19 pandemic has the real estate market all over the place. In the last year, the market has dropped and boomed in a matter of months. The confusion in homeowners and home sellers has spiked at an all times high.
The Local Records Office has listed 5 of the most misunderstandings in real estate going on right now. Everything from banks, to foreclosures and everything in between. Foreclosure is a legal process in which a lender attempts to recover what the buyer couldn’t afford to pay.
This happens when the homebuyer stops making the required monthly payments. But what most people think about foreclosure is really just a myth.
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