What Cities Have The Hightest Mortgage Delinquency Rates in America?
Description
🚨 WARNING: Mortgage Distress is SOARING! 🚨 Scott dives deep into alarming new data from WalletHub, revealing a shocking truth: 1 in 11 Americans with a mortgage is in distress, 90 days or more behind on payments! This isn't just a national trend; it's intensifying, with an unsettling 5% increase in just one quarter. Even more surprising? Eight of the top 25 most distressed cities are right here in the Lone Star State – and the #1 city will absolutely astonish you!
In this must-watch episode, Scott breaks down the WalletHub report, pinpointing which cities are struggling the most, why these numbers are skyrocketing, and what it means for YOU as a real estate investor. From Laredo's staggering 24% delinquency rate to unexpected surges in major California and Florida markets, this data is critical for understanding where to find your next distressed property deal. Don't get caught off guard – learn where the opportunities are emerging and how to adapt your strategy to profit from these shifting market dynamics!
- 1 in 11 Mortgages Distressed:Â Uncover the alarming national average and quarterly increase in mortgage delinquencies, indicating a growing wave of distress.
- Texas on the Edge:Â Discover which Texas cities, including Laredo (#1 overall!), El Paso, Lubbock, San Antonio, and Houston, are experiencing significant mortgage distress.
- Top 10 Most Distressed Cities:Â A breakdown of the nation's highest mortgage delinquency rates, from Detroit to Newark, and what drives their financial struggles.
- Fast vs. Slow Foreclosure States:Â Understand how different state foreclosure laws (judicial vs. non-judicial) impact the speed and opportunity in distressed markets.
- Unexpected Surges & Drops:Â Analyze surprising quarterly increases in delinquency rates in cities like Irvine, California, and Tampa, Florida, alongside places where rates are improving.
The market is shifting, and understanding these trends is key to smart investing. Whether you're a fix-and-flipper, note investor, or exploring other strategies, this episode provides invaluable insights into where distress is concentrated and how to position yourself for success. Don't wait – the time to act is now!
Watch the Original Video of this Episode HERE!
CLICK HERE TO GET THE LINK TO THE ARTICLE
Sign up for the next FREE One-Day Note Class HERE!
Sign up for the WCN Membership HERE!
Sign up for the next Note Buying For Dummies Workshop HERE!
Love the show? Subscribe, rate, review, and share!
Join the Note Closers Show community today:
United States
