The 415,000 who are back on the hook starting in October represent the largest chunk of the 1 million-plus who are set to leave forbearance before the end of the year, according to an analysis by real estate data company Black Knight earlier in September. That’s out of 1.75 million loans that were in forbearance as of mid-August. Although a federal foreclosure moratorium expired at the end of July, prompting the Consumer Financial Protection Bureau to create special temporary protections for borrowers, it’s unclear how many of those leaving forbearance will face foreclosure, even if they’re still not in a financial position to resume paying their loans, according to a recent analysis by real estate firm Zillow. That’s because the rapidly rising home prices over the last year mean that many will be able to sell their homes and pay off their outstanding debt and still walk away with some money. Have a question, comment, or story to share? You can reach Diccon at dhyatt@thebalance.com.
