Soaring Cost of Insurance and Property Tax Is the Top Risk for Triggering Mortgage Delinquencies

Soaring Cost of Insurance and Property Tax Is the Top Risk for Triggering Mortgage Delinquencies

Soaring Cost of Insurance and Property Tax Is the Top Risk for Triggering Mortgage Delinquencies

The “hidden costs” of homeownership, including rising property taxes and homeowners insurance, are the biggest risk factors for rising mortgage delinquencies in the present market, according to a new survey. The Auction.com survey of leaders in the default servicing space found that respondents assigned 37% out of a hypothetical 100 risk factor points to hidden
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