The latest installment of DS5: Inside the Industry features a conversation with Daren Blomquist, VP, Market Economics, Auction.com.
Blomquist discussed how foreclosure volumes may be impacted by forbearance plans and if COVID-19 could lead to a rise in abandoned properties. Blomquist said the proactive forbearance in response to the pandemic has given homeowners a chance to “get back on their feet” without being blindsided by foreclosure.
However, he added that foreclosure volumes are expected to increase due to differed foreclosure activity and new crisis-driven activity that is occurring.
