davenportmeghan+FollowForeclosure Rates Up, But No Need to Freak OutForeclosure filings are on the rise for the ninth month in a row, but experts say it’s not a sign of another housing meltdown. The jump looks big only because pandemic rules kept foreclosures super low. Most homeowners have enough equity to sell before losing their house, so it’s not all doom and gloom. If you’re behind on payments, reach out to your lender early—there are options to help you stay afloat. #RealEstate #housingmarket #foreclosure10Share
davenportmeghan+FollowKanye’s Malibu Mansion: When Flips FlopEver dream of owning a piece of celebrity real estate? Kanye West’s old Malibu mansion is now facing foreclosure after its new owners defaulted on an $18.5 million loan. They tried to turn the stripped-down house into a crypto-powered timeshare, but the market wasn’t having it. Lesson learned: Even star-studded homes can turn into money pits, and flashy new investment models don’t always beat old-school mortgage rules. Sometimes, the best lifehack is sticking to what you can actually afford! #RealEstate #KanyeWest #Foreclosure00Share
Denise Kemp+FollowForeclosures Are Back—What It Means for YouNoticed more 'For Sale' signs lately? Foreclosures just jumped 21% compared to last year, and it’s not just a Wall Street problem. Rising bills and sky-high mortgage rates are pushing more families to the edge. Even if you’re not at risk, a neighbor’s foreclosure can drag down your home’s value. Delaware is getting hit the hardest, but cities like Philly and Vegas aren’t far behind. If you’re house hunting, keep an eye out for bank-owned bargains—but remember, the deals come with risks! #RealEstate #housingmarket #foreclosure00Share
Matthew Jackson+FollowWhy Your Neighbor’s House Might Be Cheaper SoonHeads up: more Americans are missing mortgage payments, and foreclosures are up over 20% from last year. That means banks are taking back more homes, and these cheaper, bank-owned houses can drag down the value of everyone’s property nearby. If you’re a homeowner, keep an eye on your neighborhood—this trend could hit your home’s value. For buyers, deals might pop up, but it’s a sign that many folks are struggling with high costs. Budget wisely! #RealEstate #housingmarket #foreclosure00Share
