Foreclosure filings have surged by 132% YOY during the first quarter of 2022 – this is what the latest data reveals according to ATTOM’s Q1 2022 U.S. Foreclosure Market Report.
It’s an alarming statistic by any measure. Foreclosures often mean financial distress, displacement, and strained relationships for homeowners. They affect credit scores and could severely hamper prospects of obtaining a loan or even finding employment in the future.
Foreclosures even impact neighborhoods and local economies. They could lead to a decline in homeownership, reduced economic activities and social instability.
This is where mortgage note investing could help. It allows investors to provide another opportunity for defaulted borrowers to meet their debt obligations with a modified repayment plan.
The result? Homeowners get to avoid foreclosure and stay in their homes. We’re talking about much more than the financial outcomes here. For some, it’s about providing shelter for their families once again. For others, it could be about emotional closure, knowing they could continue to stay in the home they grew up in.
It doesn’t stop there. The positive consequences of all these could extend to entire communities, too.
Now that’s what you call a socially responsible investment!
Visit 7einvestments.com or listen to our podcast for more on mortgage note investing.
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