Foreclosures In America

[Mathios Yonan]

Hi, whoever might see this. I'm a freshman in college and starting off as a realtor (so any money I could possibly get helps). Foreclosure.com does an annual scholarship giveaway based on the topics they want to be answered in their prompt. I hope you guys can possibly contribute to this essay. Below are the questions they wanted answered and any information provided is greatly appreciated. Thanks :)

Prompt:

2023 essay topic:

The real estate market slowdown and its effect on foreclosures in 2023

There is much speculation on how the current foreclosure market will evolve due to a variety of factors such as:

• Rising inflation costs.
• Rising mortgage rates and higher monthly mortgage payments.
• The expiration of COVID-related forbearance and mortgage protection programs.
• Discuss how these factors will change the foreclosure market in the coming year.