Part 6/12:
The discussion then turns to foreclosure activity, which is emerging but not on the same scale as during the 2008 financial crisis. Recent inspections of foreclosed properties reveal that many are in poor condition, yet estate representatives demand high prices that may be unrealistic given the state of these homes.
Legislative changes have also influenced foreclosure processes. For instance, responsible parties now need to pay market value at auction, which aims to protect borrowers from losing equity. Nonetheless, this has unintended consequences: distressed homes in poor condition often fetch comparable prices to well-maintained houses, making it less attractive for investors or buyers looking for bargain opportunities.