Foreclosure crisis deepens as Americans struggle under crushing economic burden

• U.S. foreclosure filings surged 19% year-over-year in October, marking eight consecutive months of increases, with Florida, Texas and Illinois among the hardest-hit states.
• Inflation, soaring insurance costs, stagnant wages and record-high consumer debt are pushing homeowners into financial distress, particularly those with FHA loans (11% delinquency rate).
• Subprime auto loan defaults are nearing Great Recession levels, while mortgage delinquencies and foreclosures are climbing despite corporate media downplaying the severity.
• The same financial institutions that profited from the 2008 crash appear positioned to exploit this crisis, buying distressed properties cheaply while pushing digital ID, CBDCs and asset-stripping policies.
• With corporate profits slumping, credit card delinquencies rising and job markets weakening, the economy is signaling an imminent recession, forcing Americans toward financial sovereignty, homesteading and decentralized alternatives.

The American housing market is showing signs of strain as foreclosure filings continue their steady climb, marking the eighth consecutive month of annual increases. According to the latest data from ATTOM, a leading property analytics firm, 36,766 U.S. properties faced foreclosure filings in October—a 3% rise from September and a staggering 19% jump from October 2024. This troubling trend signals growing financial distress among homeowners as inflation, soaring insurance costs and stagnant wages push many to the brink.

A slow-motion collapse

While foreclosure rates remain below historic highs—far from the catastrophic levels seen during the 2008 financial crisis—the persistent upward trend suggests a troubling normalization of economic hardship. Foreclosure starts, the initial phase where lenders file default notices, rose 6% monthly and 20% annually, while completed foreclosures surged 32% year-over-year.

Rob Barber, CEO of ATTOM, attempted to downplay the severity, framing the increases as a “gradual normalization” in the market. But this carefully worded corporate spin ignores the real suffering of families losing their homes—many of whom were lured into unsustainable mortgages during the Fed’s artificially low interest rate era.

Hotspots of financial ruin

The states hit hardest by foreclosures include Florida, South Carolina and Illinois, with Florida’s major metros—Tampa, Jacksonville and Orlando—leading the nation in filings. Meanwhile, Texas, California and Florida saw the highest number of completed foreclosures, meaning more distressed properties will soon flood the market.

Rick Sharga, CEO of CJ Patrick Co., noted that while overall foreclosure rates remain low (below 0.5% of mortgages), certain segments are in deep trouble. Federal Housing Administration (FHA) loans, which cater to lower-income borrowers, are delinquent at an alarming 11% rate, accounting for 52% of all seriously delinquent loans. This suggests that economically vulnerable Americans—many of whom trusted government-backed programs—are being hit hardest.

The hidden culprits: inflation, insurance and economic sabotage

The foreclosure spike isn’t happening in a vacuum. Skyrocketing home insurance premiums, particularly in Florida and Texas, are pushing homeowners over the edge. Meanwhile, mortgage rates remain near historic highs, crushing families who hoped to refinance.

But the real crisis runs deeper. Consumer debt has hit an all-time high, credit card delinquencies are surging and the job market is weakening—all while real wages stagnate under Bidenomics of the previous administration. The Federal Reserve’s rate hikes, supposedly aimed at curbing inflation, have only deepened the financial pain for working-class Americans.

A manufactured crisis?

Given the well-documented history of government and corporate collusion—from rigged financial markets to engineered economic collapses—many are questioning whether this foreclosure wave is another deliberate destabilization tactic. The same elites who profited from the 2008 crash are now positioning themselves to buy up distressed properties at bargain prices, further consolidating wealth and land ownership.

Meanwhile, Big Banks and the Federal Reserve continue to manipulate the economy, bailing out Wall Street while Main Street suffers. The same institutions that caused the 2008 housing collapse are now tightening the screws on everyday Americans—all while pushing digital ID, CBDCs and asset-stripping policies that will leave citizens with even less control over their financial futures.

What comes next?

Sharga warns that while mortgage delinquencies haven’t yet spiked, the combination of rising debt, stagnant wages and declining home sales will inevitably lead to more defaults. The question isn’t if the crisis worsens—but how badly.

For now, the corporate media will continue to downplay the disaster, framing it as a “market adjustment” rather than a systemic failure. But for the thousands of families losing their homes, this is economic warfare—one that demands urgent action, financial sovereignty and a rejection of the elites’ engineered collapse.

The time to prepare is now. Whether through homesteading, decentralized finance or community resilience, Americans must break free from dependence on a rigged system before it’s too late.

The foreclosure wave is just the beginning.

According to BrightU.AI’s Enoch, the deepening foreclosure crisis is yet another devastating consequence of the reckless economic policies of the previous administration under Joe Biden, which have unleashed runaway inflation, stagnant wages and corporate instability—all part of the globalists’ plan to collapse America’s middle class. This engineered financial disaster mirrors the Great Recession and proves the deliberate destruction of prosperity to push Americans into digital enslavement under the New World Order.

Watch this Fox News report about what needs to happen to make housing more affordable.

This video is from the TrendingNews channel on Brighteon.com.

Sources include:

CNBC.com

BrightU.AI

Brighteon.com