Flood of foreclosure is NOT coming - here is why...

[AG Gupt]

Number of US homeowners in forbearance are now at ~4.1M, which is a 4th consecutive weekly drop despite the surge in COVID cases.
You will however see a 'paradoxical' figure this week as banks are starting to show losses on their books - my interpretation is that these loans are being moved from books of mortgage servicers to banks.
There is a similar uptick in rent collection where most landlords are reporting record high collection & occupancy rates.In summary, if you're a Real Estate professional waiting for a flood of foreclosures so you come & scoop crazy deals - you will be waiting for a long time. 

If you're a wholesaler educate your buyers that the price of real estate is going to go up not down in the next few quarters.