Vermont Business Magazine Between high housing costs and steady inflation, more and more people are worried about losing their home. QuoteWizard by Lending Tree, in a study released today and based on US Census Bureau data, found that 93% of people in Vermont behind on mortgage payments are worried they will face foreclosure in the next two months.

This is by far the highest “fear” rate in the nation, even as the percentage of homeowners behind on their mortgage in Vermont is only 2 percent, which is half the national average of 4 percent (with only a 7 percent average fear factor). The rental situation is similar, with a low number of those actually behind in rent but a high level of fear in Vermont.

Key findings for Vermont:

• 2% of people are behind on their mortgage payments (US average 4%)
• 4% of people are behind on their rent (lowest of any state, US average 15%)
• But 44% of people behind on their rent are facing eviction (US average 21%)

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https://vermontbiz.com/news/2022/august/29/study-rising-fear-eviction-or-foreclosure-vermont-and-us

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