A hub for independent voices and hard truths
via Many_Ebb7816 There’s a house two streets from me that’s been sitting as a bank-owned REO since February- listed at $265k, probably worth $210k in current condition, and getting worse every month it sits. I know for a fact they’ve …
The U.S. housing market hit a fresh distress milestone this morning. Foreclosure filings in Q1 2026 rose to 118,727, a 26% increase year-over-year. Bank repossessions (REOs) surged even higher, jumping 45% since last year. Analysts are calling this the highest …
Foreclosure surge sweeps America: 118,000 homes at risk as families buckle under financial strain A fresh wave of foreclosures is sweeping across the United States, with more than 118,000 homes caught up in the crisis in just the first three …
Foreclosures are surging across the United States, and the numbers are hard to ignore. In January 2026, over 40,000 homes were seized, marking a 32% increase compared to the same month last year. This is the 11th consecutive month of …
So it has begun. This will jump by summer. — John Ravenda (@JohnRavenda) January 26, 2026 Only 23.1% of people made $100,000+/yr last year https://t.co/w2KnHXdAQj — Jon Brooks (@jonbrooks) January 26, 2026
Hollywood legend Kevin Spacey has revealed that he is homeless, having lost his lavish Baltimore property to foreclosure while dealing with the soaring cost of the legal fees involved in defending himself against a spate of sexual assault allegations. Spacey, …
On October 1, the federal government flips the switch on a new set of FHA rules that will pull the rug out from under millions of homeowners. There will be no big announcement. No cameras. The change hides in mortgagee …
How many of the 550bn$ of MBS holding “guaranteed” mortgages by Fannie and Freddie in $BAC books were structured on fraudulent mortgages and are about to be nuked? 👀 https://t.co/iTXUp3D0Cx pic.twitter.com/w4FIpug6fH — JustDario 🏊♂️ (@DarioCpx) April 17, 2025 Builders can’t …
If your mortgage payment is over $3,000 a month, odds are you can’t actually afford the house. Yeah, you can fake it for a few years: stretch the budget, shift some expenses, maybe dip into savings when things get tight. …
🚨8 Retail Condo Units in the West Village Face Foreclosure – The units are at 122 Greenwich Avenue in the West Village…beautiful building – The 8 units were purchased in 2018 for $31mm – Purchase was financed with $20mm loan …
A lot of people think home prices will “go crazy” again when the Fed starts cutting rates This will only be true if they are token cuts and ultimately we remain in a long term tightening cycle If we start …
Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with …
Kevin Spacey breaks down in tears, revealing that his property is facing foreclosure. His house will be sold and auctioned. Kevin Spacey has no idea where he will live now and admits that he has no money. Kevin Spacey visited …
Banks are beginning to foreclosure on homeowners who can’t pay their mortgage. With ATTOM Data Solutions reporting a meaningful uptick in foreclosure activity to start 2024. Particularly in this neighborhood in New York where defaulted homeowners are being kicked out …
The Federal Reserve’s efforts to weaken the labor market could have serious implications for the housing sector, as dwindling savings and potential job losses create a looming threat of rising foreclosures, amplifying the fragility of the housing market. If the …
Escalating mortgage rates have made buying a home prohibitively expensive, and renting is now the more compelling option. Home buyers are backing out of deals at the highest rate in a year, per BI. — unusual_whales (@unusual_whales) October 23, 2023 …
Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness Already, 16,654 reverse mortgage holders have gone into foreclosure in the five years that ended December 2017, the most by far in the U.S. and nearly double the …
via nbcnews: As the cost of living in the U.S. continues to climb, foreclosures are also on the rise. May foreclosure-related filings, which include default notices, scheduled auctions and bank repossessions, were up 7% from April and up 14% from …
And it's not just Downpayments. Average Debt to Income Ratios today are comparable to mid-2000s. Meaning that homebuyer incomes, on average, are just as stretched in their ability to afford the mortgage payments. pic.twitter.com/3wIVJvidCS — Nick Gerli (@nickgerli1) August 14, …