'Bumpy Waters Ahead': New Mortgage Data Suggests Wave of Foreclosures Is Coming

If you're a home flipper or landlord on the hunt for a new investment, then keep your eyes on early next year. Two reports released this week signal an incoming wave of foreclosures -- likely hitting in the first half of 2021, once homeowners have exhausted their mortgage forbearance options allowed under the CARES Act. Those relief options allow borrowers to hit pause on their loans for a total of 360 days (two separate 180-day terms) that started in March 2020.