Jacksonville foreclosure and short sale real estate inventory continues to climb in 2025!
Foreclosures have mostly been suppressed since the beginning of the pandemic in 2020. Two years of foreclosure moratoriums were followed by several years of Covid-era mortgage workouts for those who fell behind. But you can't stop foreclosures forever, and they are back!
REO (bank foreclosed homes for sale) inventory is climbing fast!
There is years of shadow foreclosure inventory sitting out there. Foreclosures that have not been able to start, and foreclosures that have been started over the last 5 years but not completed. As moratoriums and workout programs end, this inventory is coming to market again to be liquidated.
Pre-foreclosure inventory is being liquidated.
Homeowners have exhausted work out options and are still unable to maintain payments. These homes already in the foreclosure process are coming to market, as owners attempt to sell before they lose their homes to foreclosure.
Homeowners are finding themselves upside down and needing to short sell.
As homeowners look to sell in a changing market, many are finding out they owe more than their homes can sell for, especially if they did a Covid era loan workouts such as a loan modification or partial claim.
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J.M.
Last Updated on February 17, 2025 by Minna Reid