All hell is sure to break loose once the moratorium ends at the end of August since we have near record unemployment and, according to CoreLogic, 7.3% of mortgages were delinquent in May compared to only 3.6% last year.

Aug 19, 2020

see http://www.chicagonow.com/getting-real/2020/08/pandemic-may-have-halted-foreclosures-but-delinquencies-still-rise/

The time for action is now before the fight starts. You want to be the one who is put at the bottom of the stack — not on top.

*Neil F Garfield, MBA, JD, 73, is a Florida licensed trial attorney since 1977. He has received multiple academic and achievement awards in business and law. He is a former investment banker, securities broker, securities analyst, and financial analyst.*

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