Biden, Forbearance and inventory??

[Sang Yi]

My take! Listening to some pros talking about possible inventories coming shortly by end of this year or early next year. I'm not sure about that scenario. I don't believe the feds will allow so many foreclosures to turn the economy upside down. Those that want to sell that's deep in forbearance will not sell if they have to pay back the full mortgage balance. They believe the feds will bail them out somehow. My understanding is that it's not automatic for lenders/bank to work out a deal to modify their mortgage but rather they must qualify in showing income and being able to pay. So, the big question is how many are capable to pay? Are they employed? What's your take??? Will enough inventory be available to put this crazy market back down to earth? I might just rent and just wait. I will not pay CURRENT market price.

Any good real estate agents in Las Vegas? Please contact me.