💸 $1.75B Just Moved to Foreclosure
Lenders stopped waiting
Texas just put a number on the next wave of commercial stress: $1.75 billion in major loans sliding into December foreclosure as lenders finally slammed the brakes.
Foreclosure calendars are suddenly stacked with marquee collateral, including a $460 million farm portfolio, a $151 million retail block, and a $133 million office tower.
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That is what it looks like when the workout period ends and special servicers stop pretending a refi window is coming back.
At the same time, the broader distressed pipeline is not thinning out, because auction volume and sale velocity are running ahead of 2025 forecasts.
Banks are dumping REO faster than expected, and that combination is pushing clearing prices down while widening yields for buyers who can close clean.
In this edition of the AltReports:
🏢 Texas's Largest CRE Loans Slide Into Foreclosure
🔨 Distressed Auctions Crush 2025 Forecasts
🏠 Flipping Frenzy Fizzles as Q3 Deals Stall
📉 Lennar's Profit Dive Sparks Home-Price Slashes
🏭 Industrial Distress Returns
📊 5 States Leading America's Economic Freefall
Video of the Week: 4 Money-Making Real Estate “Trends” That Will Last into 2026
Chart of the Week: Home equity loans reached the highest level since 2008
Podcast of the Week: 38% Housing Crash Coming?
Texas’s Largest Commercial Loans Slide Into December Foreclosure
Major Texas commercial loans totaling $1.75 billion are barreling into December foreclosure because lenders have run out of patience.
Foreclosure auctions are suddenly stacked with marquee assets like a $460 million farm portfolio, a $151 million retail block, and a $133 million office tower.
💡 Investor Takeaway: Large commercial sales often have complex title and financing requirements.
Distressed Auctions Crush 2025 Forecasts
Traditional distressed pipelines aren’t drying up—auctions are on fire and banks are unloading properties faster than anyone expected.
Volume and sale-velocity have surged past projections, driving prices down and yields up for anyone ready to play.
💡 Investor Takeaway: Subscribe to distressed auction platforms in your target markets and set up alerts for new listings.
Flipping Frenzy Fizzles as Q3 Deals Stall
Home flippers are getting squeezed as renovation bills spike and mortgage rates stay sky-high.
That’s bleeding returns dry and leaving flippers stranded with unfinished rehabs.
💡 Investor Takeaway: Look for partially renovated homes that flippers are trying to sell.
Lennar’s Profit Dive Sparks Home-Price Slashes
Lennar just missed revenue and profit targets as cancellations spiked and buyers tapped out at today’s mortgage rates.
So they’re chopping home prices by as much as 8% this winter and hinting at deeper cuts next year to clear backlog.
💡 Investor Takeaway: Builder inventory homes often come with incentives beyond the list price.
Industrial deals cratered last year as relentless rate hikes and frozen financing left owners stranded and balance sheets bleeding.
Now lenders are carving out price cuts, pushing sellers to move or face takeover, and deal flow is quietly kicking back into gear.
💡 Investor Takeaway: Contact lenders about industrial properties they’ve taken back or are working to restructure.
5 States Leading America’s Economic Freefall
Kentucky, West Virginia, Alaska, Michigan and Rhode Island are mired in the worst economic distress, with unemployment still through the roof and tax coffers running on fumes.
That mess is triggering deep budget cuts, credit rating drops and brutal service slashes as lawmakers scramble to plug gaping holes.
💡 Investor Takeaway: Look our for beaten-down municipal bonds in these five states.