People who bought in 2019 and 2020 are now in foreclosure with almost no equity, and many walk away with $5,000 to $20,000 at most. Ben Allgeyer explains the difference between a foreclosure and a short sale, including one he's negotiating with a $230,000 payoff on a house worth about $130,000. He says one lender's fees added about $60,000 in a year and a half on a $180,000 house. Jerremy Alexander Newsome and Dave Conley ask what stops a $200,000 starter home in Kansas City, and he points to land costs and county rules that counties have no reason to fix. His advice if you're facing foreclosure: stop hiding and ask for help while you still have options.

Timestamps:

• (00:00) Little equity left – Why today's foreclosure sellers walk away with almost nothing
• (01:48) Foreclosure vs. short sale – A $230,000 payoff on a $130,000 house
• (03:19) The $200,000 starter home – What stops builders in Kansas City
• (06:42) Missouri's new wholesaling law – A 14-day wait before any offer
• (08:03) $60,000 in fees – Eighteen months of lender penalties on one house
• (09:00) Facing foreclosure Monday? – Pull your head out of the sand
• (13:49) Where affordable housing went – County rules stalled his building plans
• (15:39) "They don't care" – Why counties don't push affordable housing

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