Foreclosures were once a major source of housing inventory in Dane County, but not anymore. Check out this chart which shows the number of annual Dane County foreclosure filings dating back to the year 2000.
Will foreclosures rise in 2022?
Many people are wondering, now that the foreclosure moratorium has been lifted, if we'll see a spike in bank-owned properties in the months ahead. Although we do expect foreclosure filings to rise in 2022, we don't expect the increase to be significant.
The reason is the number of people with delinquent mortgages is relatively low right now. Plus, many of the people who are behind on their payments do have equity in their homes, so they'll be able to restructure their loans and avoid foreclosure once they…