Report: Foreclosures Are On The Rise

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Report: Foreclosures Are On The Rise

Michael Carbonare
Investor · Fort Lauderdale, FL · Member since 2013 · 917 posts · 607 votes

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.

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    Ken M.
    Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    10mo
    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.

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      • Chris SeveneyBusiness Member
        Moderator
        Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
        10mo
        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.


           we are still at all-time lows for foreclosures. they will continue to rise in the future and may get closer to the norm but I would say its doubtful. 

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        • Michael Carbonare
          OP
          Investor · Fort Lauderdale, FL · Member since 2013 · 917 posts · 607 votes
          10mo

          I agree, Chris.  All that equity is a safety net for any homeowner who finds themselves in a potential foreclosure situation.

          0Reply
        • Clark Thornton
          Property Manager · Orlando, FL · Member since 2025 · 110 posts · 50 votes
          10mo

          "He also noted that states where home prices have been falling while insurance premiums have been soaring — Florida and Texas, in particular — are seeing an uptick in defaults."

          This is going to be the new normal for a while. Home prices adjusted for inflation are not rising and won't for several years it seems. Cost of living sure won't stay flat though. 

          1Reply
        • Ken M.
          Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
          10mo
          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.

            1Reply
          • Gina SternPro Member
            Investor · Boca Raton, FL · Member since 2019 · 1k+ posts · 159 votes
            10mo

            People are finding it really tough in this economy to even pay for groceries, gas and utilities, let alone there mortgages! Foreclosures will be on the rise within the next 12-18 months for sure.

            [email protected]561-430-2616
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            • Ken M.
              Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
              10mo
              Quote from @Gina Stern:

              People are finding it really tough in this economy to even pay for groceries, gas and utilities, let alone there mortgages! Foreclosures will be on the rise within the next 12-18 months for sure.

              But, they keep their internet, their cable TV, their special "it's for me" drink at Starbuck's.
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