Scholarship Value: $4,000
Awards Available: 3
Requirements: Here are the text requirements
- Minimum 800 words
- Maximum 2,000
- Must have a title for the essay
- Essay must be in English
Awards: Three winners will be selected
- Top prize $4,000
- Second and third place will receive $1000 each
2023 essay topic:
The real estate market slowdown and its effect on foreclosures in 2023
There is much speculation on how the current foreclosure market will evolve due to a variety of factors such as:
- Rising inflation costs.
- Rising mortgage rates and higher monthly mortgage payments.
- The expiration of COVID-related forbearance and mortgage protection programs.
- Discuss how these factors will change the foreclosure market in the coming year.
Many are predicting more foreclosure homes will come on the market due to these factors, but there is some debate on how fast these properties may become available. Will rising inflation rates along with higher monthly mortgage payments see this happen gradually as the year progresses? Or will the expiration of the COVID protection programs be funneling a larger number of properties into the foreclosure market more quickly?
About the scholarship program:
Foreclosure.com has issued $78,000 in scholarship money to 43 college students nationwide since the program was introduced in 2009. Each year, the company challenges future leaders of America to provide creative solutions/ideas to many of the nation's most critical issues, real estate in particular, which can be used to help foster a robust United States housing market.
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