Seriously underwater mortgages are rising, and that’s the big takeaway from this episode of the Paper Trail podcast! The crew dives into the fresh data from Adam's Q1 2025 Home Equity report, revealing that now 4% of U.S. mortgages are in deep water, meaning folks owe way more than their homes are worth. They chat about how this trend could lead to more foreclosures and what savvy investors can do to prep for the upcoming wave of opportunities—or challenges, depending on how you roll with it. With plenty of properties still equity-rich, they emphasize the growing divide in the market, and how building the right team now can set investors up for success later. So, kick back and get ready for some solid insights on navigating this shifting landscape!