A major New York lender was hit with a $500M foreclosure lawsuit on a massive apartment portfolio, and things are about to get messy.
Meanwhile, commercial foreclosures are on the rise across the country.
In December, commercial foreclosures surged again, proving that even the most coveted buildings aren’t immune.
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This dramatic jump is a loud warning to anyone playing in the commercial space.
And the troubles don’t stop there.
Renters are falling behind on payments, delinquencies in key loans are spiking, and underwater loans continue to haunt the market.
In this edition of the AltReports:
🚨 Apartment Apocalypse
🏚️ Frantic Foreclosures
🚨 Delinquency Dilemma
💣 Market Mayhem
💸 Payment Panic
Video of the Week: It Started: How To Get Rich In The 2025 Market Reversal
Chart of the Week: The Most Undervalued U.S. Housing Markets
Podcast of the Week: Turning $15,000 into 8 Rental Units Using “The Stack” Method
Lender Files For $500M Foreclosure On Massive NYC Apartment Portfolio
A multifamily portfolio is facing a spicy $500 million pre-foreclosure lawsuit—yikes! A&E Real Estate snagged 37 properties, but a mischievous little financial hiccup has triggered a serious court showdown.
Commercial Foreclosures Significantly Increased in 2024 Year-Over-Year Increase
US commercial foreclosures soared in December 2024, staging a soap opera-worthy comeback. Once-coveted assets are crumbling like stale bread. Investors, brace yourselves—the market meltdown shows no signs of cooling.
Flagstar Reports 500% Pop in Past Due Debts as Rent-Stabilized Purge Continues
Flagstar, the former NYCB, is dishing out some not-so-fantastic news about multifamily delinquencies. We're talking a jaw-dropping 500% spike! Apparently, renters are having a tough time keeping the rent fairy happy, which isn’t great for the bank or the housing market.
CMBS Delinquencies Surpass 6% As Cracks Form In Multifamily Debt
CMBS delinquencies have blasted past 6%, exposing cracks in multifamily debt. Apartments aren’t filling up like they used to, which means landlords are scrambling to pay their bills. Who knew living it up would lead to such a financial hangover?
Over 6 Million Americans Are Late on Their Mortgage Payments
Over 6 million Americans are behind on mortgage payments, creating one hot mess. Interest rates are sky-high, and the cost of living keeps elbowing us in the ribs. Financial woes are knocking at everyone's door, and it’s hard to ignore that “foreclosure” is creeping back into our vocabularies.