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The prediction that millions of homeowners would face foreclosure due to job losses from COVID 19 shutdowns does not seem to be materializing. There are some who say that delinquent borrowers have a way to avoid that fate this time around. Unlike the Great Recession, they have a lot more equity in their homes which they won’t want to lose. When the housing market crashed in 2008, it was the result of easy lending. Home loans were easy to get, often with no down payment or verification of income. In some cases, buyers would get money back for buying a home, or qualify with a teaser rate, not the real rate. That, of course, drove prices up and created a housing bubble. The bubble burst when those loans eventually came due and people couldn't afford the payment. Seems like an obvious problem, doesn't it? As more and more loans reset, more people went into foreclosure, flooding the market with distressed inventory far below market value. Anyone who wanted to sell their home at market value had to compete against