"The judicial foreclosures were initiated for unpaid #HOA debts, not unpaid bank loans, and those debts were sometimes as small as a few thousand dollars before they ballooned w/interest, HOA attorneys fees & court costs.

...the process eats away at or completely erases generational wealth in a way traditional lender #foreclosures for unpaid mortgages, which are more common and involve much larger debts, may not."
~@coloradosun
https://coloradosun.com/2023/08/14/hoa-foreclosed-homes-auction-equity/?utm_content=buffere7bf6&utm_medium=social&utm_source=Mastodon&utm_campaign=buffer

#Home #Colorado #USA #News

Home #foreclosures in the #US are surging as #inflation continues to soar, incomes depreciate #RealEstate

https://www.naturalnews.com/2023-06-13-home-foreclosures-us-surging-inflation-incomes-depreciate.html

Home #foreclosures in the #US are surging as #inflation continues to soar, incomes depreciate

https://newstarget.com/2023-06-13-home-foreclosures-us-surging-inflation-incomes-depreciate.html

#RealEstate

Most #foreclosures starts in May - Florida

Lakeland, Florida -1 in every 1,361 housing units with a foreclosure filing.
Palm Bay, Florida -1 in every 1,647 housing units with a foreclosure filing.
Ocala, Florida - 1 in every 1,671 housing units with a foreclosure filing.
Jacksonville, Florida - 1 in every 1,699 housing units with a foreclosure filing.
Orlando, Florida - 1 in every 2,049 housing units with a foreclosure filing.

Meanwhile, Bureau of Labor Statistics' inflation measure for its South Atlantic region shows real hourly earnings in #Florida have fallen from $25.12 in February 2020 to $24.82 to this April.

#DeSantis has done this, yet these commie bastards (GOP) still will vote for him.

Rumored Fed Nominee Thinks Tim Geithner Did Right by Homeowners
President Biden may nominate Janice Eberly, former deputy to the mastermind of America’s foreclosure crisis.

“…Eberly helped Geithner operate a system of deliberately throwing millions of people out of their homes so that the same Wall Street banks that tricked them into awful mortgages in the first place could turn another quick buck after they cratered the world economy. “ #fed #GFC #foreclosures #banks

https://prospect.org/economy/2023-03-06-janice-eberly-fed-nominee-mortgage-crisis/

#introduction
Part 6: #Equity?

When you work maintaining #foreclosures for #FannieMae, #FHA, #BoA, #WellsFargo, etc etc, you spend most of your time where the foreclosures are, which is America's poorest communities. & you see stuff. & you do your research, read books like #RaceForProfit, #ColorOfLaw, #Evicted, #Homewreckers. You learn about #redlining & how the predation has never really stopped, still goes on today.

You ask yourself why are we working for these equity-stripping assholes?

The rest of the country is in for a massive contraction like that seen just a short 15 years ago.

https://newstarget.com/2022-05-04-foreclosures-already-surging-economy-destroying-fed-rate-hikes.html

#bubble #economiccollapse #foreclosures

The rest of the country is in for a massive contraction like that seen just a short 15 years ago.

https://newstarget.com/2022-05-04-foreclosures-already-surging-economy-destroying-fed-rate-hikes.html

#bubble #economiccollapse #foreclosures

The rest of the country is in for a massive contraction like that seen just a short 15 years ago.

https://www.naturalnews.com/2022-05-04-foreclosures-already-surging-economy-destroying-fed-rate-hikes.html

#bubble #economiccollapse #foreclosures