Repossession Crisis on the Horizon?

GUEST EDITORIAL

Most of us remember the repo boom in 2008-2010 when the housing market collapsed.  At that time anyone with a tow truck and a heartbeat was soliciting work from lenders to pick up their cars.  As panic set in repossessions hit all-time highs. Once the dust settled and banks began recuperating from the financial beat down of the housing market that resulted in the peak numbers of repossession, came the valley.

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