{"id":964,"date":"2026-01-15T20:58:22","date_gmt":"2026-01-15T20:58:22","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=964"},"modified":"2026-01-15T20:58:22","modified_gmt":"2026-01-15T20:58:22","slug":"foreclosure-filings-are-up-and-appear-to-grow-even-more","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/foreclosure-filings-are-up-and-appear-to-grow-even-more\/","title":{"rendered":"FORECLOSURE FILINGS ARE UP AND APPEAR TO GROW EVEN MORE!"},"content":{"rendered":"<h1 class=\"article-page-headline\">Banks seize 367,000 homes as housing pain spreads across US&#8230; and it is about to get much worse<\/h1>\n<div data-mol-fe-article-body=\"true\">\n<p class=\"mol-para-with-font\">The past year was difficult for homeowners \u2014 but experts warn that 2026 could be even more challenging.<\/p>\n<p class=\"mol-para-with-font\">Foreclosures \u2014 when a bank or lender takes back a home <span data-track-module=\"internal-body-link\"><a class=\"\" href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/housing-market\/article-13201763\/home-foreclosures-rise-february-2024-worst-states-affected.html\" target=\"_self\">after missed mortgage payments<\/a><\/span>\u00a0\u2014 rose 14 percent from a year earlier.<\/p>\n<p class=\"mol-para-with-font\">In total, 367,460 US properties faced foreclosure filings in 2025, meaning they were in some stage of being taken over by a lender, according to <a class=\"\" href=\"https:\/\/www.attomdata.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ATTOM&#8217;s data<\/a>.<\/p>\n<div class=\"connatix-wrapper\">\n<div id=\"ias-30a4428d-a359-403f-a0e7-16a90ffad59f\" class=\"connatix-placeholder\"><\/div>\n<\/div>\n<p class=\"mol-para-with-font\">Experts warn even more homes may be seized in 2026. &#8216;If the job market weakens, and it may very well, then we could unfortunately\u00a0down the road see the increase in the foreclosure rate significantly accelerate,&#8217; said economist Michael Szanto.<\/p>\n<p class=\"mol-para-with-font\">Indeed, the outlook for the housing market \u2014 and the wider economy \u2014 is increasingly bleak. In total, the<span data-track-module=\"internal-body-link\"><a class=\"\" href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/article-15449287\/jobs-report-recession-fears-hiring.html\" target=\"_self\"> US added only around 584,000 jobs in 2025<\/a><\/span>, making it the weakest year for job growth outside a recession since 2003.<\/p>\n<p class=\"mol-para-with-font\">As foreclosures rise, neighborhoods are flooded with discounted, bank-owned homes, dragging down nearby property values. For homeowners, that often means losing equity simply because of where they live.<\/p>\n<p class=\"mol-para-with-font\">A surge in foreclosure filings are a symptom of deeper financial problems: homeowners squeezed by higher taxes and interest costs are falling behind, as they fail to pay other debts, such as credit cards and car loans, as well.<\/p>\n<p class=\"mol-para-with-font\">That dynamic is reviving fears of a downturn reminiscent of 2008.<\/p>\n<p><iframe class=\"iframe-creator \" src=\"https:\/\/flo.uri.sh\/visualisation\/27216095\/embed\" name=\"xp-iframe-mkfxa6nt0bur2yswfeo\" height=\"600\" scrolling=\"no\" data-xpmodule-iframe-resizable=\"\" data-mce-fragment=\"1\"><br \/>\n      &lt;p&gt;Your browser does not support iframes.&lt;\/p&gt;<br \/>\n    <\/iframe><\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img loading=\"lazy\" decoding=\"async\" id=\"i-ba044689bfcad3b0\" class=\"blkBorder img-share\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2026\/01\/14\/20\/104555509-15464081-image-a-15_1768422397948.jpg\" alt=\"\" width=\"634\" height=\"425\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<div class=\"clear\"><\/div>\n<p class=\"imageCaption\">Foreclosure is when a bank or lender takes back a home because the owner hasn&#8217;t made the required mortgage payments<\/p>\n<\/div>\n<div class=\"mol-img-group floatRHS\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><\/div>\n<\/div>\n<p class=\"imageCaption\">Economist Michael Szanto<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">If Americans are <span data-track-module=\"internal-body-link\"><a class=\"\" href=\"https:\/\/www.dailymail.co.uk\/news\/article-6107305\/Feeling-pinch-Nearly-40-percent-Americans-struggle-pay-basic-necessities.html\" target=\"_self\">struggling to pay their mortgages<\/a><\/span>, they\u2019re likely cutting back on essentials like food, transportation, and healthcare \u2014 an affordability crunch that weighs on economic growth.<\/p>\n<p class=\"mol-para-with-font\">Foreclosures were most concentrated in a handful of states in 2025, with Florida topping the list at one filing for every 230 homes \u2014 an unsettling sign in a state already grappling with soaring insurance and housing costs.<\/p>\n<p class=\"mol-para-with-font\">Szanto explained that Florida&#8217;s condo crisis was partly responsible: &#8216;Florida is being uniquely affected by a massive rise in <span data-track-module=\"internal-body-link\"><a href=\"https:\/\/www.dailymail.co.uk\/news\/article-13727519\/condo-owners-decrease-new-law-bankrupt-residents-florida.html\" target=\"_self\">assessments for older condo buildings<\/a><\/span> in response to the tragic Surfside collapse.&#8217;<\/p>\n<p class=\"mol-para-with-font\">Delaware followed closely at one in every 240 housing units, while South Carolina wasn\u2019t far behind at one in 242.<\/p>\n<div>\n<div class=\"mol-fe-related-replace ccox\" data-track-module=\"related-replace\">\n<div class=\"related-replace-articles\">\n<div class=\"related-replace-info\">\n<div class=\"related-replace-headline\">tor accused of affair with her bodyguard in bombshell lawsuit<\/div>\n<div class=\"related-replace-count-wrap\">\n<div class=\"related-replace-count wocc\">6.6k viewing now<\/div>\n<\/div>\n<\/div>\n<div class=\"related-replace-info\">\n<div class=\"related-replace-headline\">ocking truth about Minneapolis woman dragged from car by ICE<\/div>\n<div class=\"related-replace-count-wrap\">\n<div class=\"related-replace-count wocc\">107.4k viewing now<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mol-para-with-font\">Illinois and Nevada rounded out the top five, each posting foreclosure filings on roughly one out of every 248 homes, underscoring that financial strain is spreading well beyond any single region.<\/p>\n<p class=\"mol-para-with-font\">A closer look at metro areas paints an even starker picture.\u00a0Among the 225 metropolitan regions with at least 200,000 residents, Lakeland, Florida, stood out with the <span data-track-module=\"internal-body-link\"><a href=\"https:\/\/www.dailymail.co.uk\/galleries\/article-13962383\/The-cities-home-prices-dropping-most.html\" target=\"_self\">highest foreclosure rate<\/a><\/span> in the country in 2025, with one in every 145 homes entering the foreclosure process.<\/p>\n<p class=\"mol-para-with-font\">Columbia, South Carolina followed at one in 165, while Cleveland, Ohio ranked third at one in 187.<\/p>\n<p class=\"mol-para-with-font\">Florida appeared again on the list with Cape Coral (one in 189), joined by Atlantic City, New Jersey, where one in every 192 housing units faced a foreclosure filing \u2014 signaling mounting stress in both Sun Belt and legacy markets alike.<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img loading=\"lazy\" decoding=\"async\" id=\"i-357adbcfe3db8230\" class=\"blkBorder img-share\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2026\/01\/14\/20\/105518417-15464081-image-a-21_1768422673030.jpg\" alt=\"Las Vegas was one of the cities that saw the most concerning foreclosure rates in 2025\" width=\"634\" height=\"423\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Las Vegas was one of the cities that saw the most concerning foreclosure rates in 2025<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img loading=\"lazy\" decoding=\"async\" id=\"i-58f5e3680e4a3136\" class=\"blkBorder img-share\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2026\/01\/14\/20\/105518293-15464081-image-a-19_1768422636620.jpg\" alt=\"Amongst the metro areas most affected by foreclosure filings was Cleveland, Ohio (pictured)\" width=\"634\" height=\"423\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Amongst the metro areas most affected by foreclosure filings was Cleveland, Ohio (pictured)<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img loading=\"lazy\" decoding=\"async\" id=\"i-da397d070e5a326f\" class=\"blkBorder img-share\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2026\/01\/14\/20\/105518271-15464081-image-a-23_1768422763628.jpg\" alt=\"Among the 225 metropolitan regions with at least 200,000 residents, Lakeland, Florida (pictured) stood out with the highest foreclosure rate in the country in 2025\" width=\"634\" height=\"423\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Among the 225 metropolitan regions with at least 200,000 residents, Lakeland, Florida (pictured) stood out with the highest foreclosure rate in the country in 2025<\/p>\n<\/div>\n<div class=\"mol-img-group floatRHS\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><\/div>\n<\/div>\n<p class=\"imageCaption\">Rob Barber, CEO at ATTOM<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">The pressure was also evident in the nation\u2019s largest metro areas.<\/p>\n<p class=\"mol-para-with-font\">Among cities with populations exceeding one million, Jacksonville, Florida posted the worst foreclosure rate in 2025, with one filing for every 200 homes.<\/p>\n<p class=\"mol-para-with-font\">Las Vegas wasn\u2019t far behind at one in 210, followed by Chicago at one in 214 and Orlando at one in 217, highlighting that even major housing markets are increasingly feeling the strain.<\/p>\n<p class=\"mol-para-with-font\">&#8216;The main weakness of our housing market is still a major supply shortage combined with factors like higher <a id=\"mol-8b9d6da0-f185-11f0-a69b-c5a7eca34693\" class=\"\" href=\"https:\/\/www.thisismoney.co.uk\/money\/mortgageshome\/article-1687576\/What-mortgage-rates.html\" target=\"_self\">mortgage rates<\/a>\u00a0locking out many would be new homebuyers,&#8217; said Szanto.<\/p>\n<p class=\"mol-para-with-font\">While the data seems concerning, Attom&#8217;s CEO Rob Barber says it simply reflects a &#8216;continued normalization of the housing market following several years of historically low levels&#8217;.<\/p>\n<p class=\"mol-para-with-font\">Last month, ATTOM&#8217;s data showed the <span data-track-module=\"internal-body-link\"><a class=\"\" href=\"https:\/\/www.dailymail.co.uk\/real-estate\/article-15365157\/foreclosures-jump-mortgage-affordability-crisis.html\" target=\"_self\">number of homeowners falling behind<\/a><\/span> to be rising every single month.<\/p>\n<p class=\"mol-para-with-font\">In November, 35,651 properties had a foreclosure filing \u2014 up a staggering 21 percent from just one year earlier.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banks seize 367,000 homes as housing pain spreads across US&#8230; and it is about to get much worse The past year was difficult for homeowners \u2014 but experts warn that 2026 could be even more challenging. Foreclosures \u2014 when a bank or lender takes back a home after missed mortgage payments\u00a0\u2014 rose 14 percent from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-964","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=964"}],"version-history":[{"count":1,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/964\/revisions"}],"predecessor-version":[{"id":965,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/964\/revisions\/965"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}