Foreclosures are spiking across America and every news outlet is asking the same question: is this 2008 all over again? In this episode, Sam Primm and Lucas peel back the curtain on the actual foreclosure data — state by state — and give you the truth Wall Street and the media aren't telling you.
Foreclosure filings are up double digits year over year, and headlines are scaring homeowners and investors into thinking a housing crash is coming. But when you look at the real numbers, a completely different story shows up.
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📊 In this episode you'll learn:
✅ What the foreclosure numbers ACTUALLY say (spoiler: still below 2019)
✅ Why foreclosures went to nearly zero from 2020-2023
✅ The 5 states leading the surge — and why each one is different
✅ The states barely feeling it (including Sam's home state, Missouri)
✅ The 3 reasons this is NOT 2008 (and why comparing them is lazy)
✅ How today's $34 trillion in homeowner equity changes everything
✅ Why smart investors are quietly celebrating this shift
✅ How to find pre-foreclosure deals in your market right now
The mainstream media wants you to click. The data wants to tell you the truth. Foreclosures are up FROM artificially low COVID-era levels, TO still-below-normal historical averages. In 2010, America had 2.9 million foreclosure filings. In 2024, that number was around 322,000. Even at today's elevated pace, we're on track for well under half of pre-2008 levels.
More importantly: the underlying setup is completely different. In 2008, subprime lending, no-doc mortgages, and negative equity created a system-wide collapse. In 2026, lending standards are the tightest they've been in decades, homeowner equity is at a historic high, and most people facing foreclosure can SELL their home for a profit before it ever hits auction.
Sam and Lucas walk through the state-by-state breakdown — Florida's insurance crisis, Vegas's overpricing correction, Illinois's tax delinquency surge — and explain why the "national foreclosure crisis" narrative falls apart when you actually look at the map.
For real estate investors, this shift means one thing: deal flow is back. Pre-foreclosure lists are getting bigger for the first time in five years. Motivated sellers are returning to the market. The retail buyers scared off by the headlines are leaving room for the smart money to move.
Plus we talk about or man-date this weekend!
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