Report: Foreclosures Are On The Rise

[Michael Carbonare]

https://www.cnbc.com/2025/11/13/foreclosures-rise-october-ho...

Foreclosure starts, which are the initial phase of the process, rose 6% for the month and were 20% higher than the year before.  
Competed foreclosures, the final phase, were up 32% year over year.
Florida, South Carolina and Illinois led the nation in state foreclosure filings.

[Ken M.]

Quote from @Michael Carbonare:

https://www.cnbc.com/2025/11/13/foreclosures-rise-october-ho...

Foreclosure starts, which are the initial phase of the process, rose 6% for the month and were 20% higher than the year before.  
Competed foreclosures, the final phase, were up 32% year over year.
Florida, South Carolina and Illinois led the nation in state foreclosure filings.

I would say that Auctions won't increase much, but pre-foreclosures will sky rocket. A house doesn't avoid being put into foreclosure because they have plenty of equity or a low interest rate. They are put into foreclosure because they've missed payments. Many people overbought, paid too much and counted on not losing a job or running into other financial difficulties. Contrary to most perceptions, people believe they will "make it through" the tough time (some will) but many won't. That is an opportunity to buy.

But, you already knew that.