Featured on this episode of DS5: Inside the Industry is Jesse Roth, SVP at Auction.com. Roth delves into how foreclosure volumes can be impacted by coronavirus. He also discusses how technology can aid in disposition in today’s socially distanced environment.
According to Roth, investing in technology in the auction industry is key to success, as “allowing buyers to shop, bid, and ultimately purchase properties remotely is perfect.”
Additionally, Roth states that the pandemic will have a significant impact on foreclosure volume. Currently, almost 5 million people are on a forbearance plan, and Roth notes that experts do not know what the impact of the forbearance program will be.