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…
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