How often has your house been in foreclosure or friends of yours - did they think it wasn't a big deal? It seems to be a very big deal - it means you haven't been making your mortgage payment.
It is a source of public humiliation.
It means that Allyn apparently lost all his connections in Hollywood and has to resort to being a puppet for a stinky pinky.
So yes it is a big deal.
Translation, he didn't lose the house and it turned out to be much ado about nothing.
IG
It's easier to fool people than to convince them that they have been fooled