Florida Leads in Foreclosures as Filings Rise 14% Nationwide

Florida led the nation in foreclosure filings in May 2026, with 1 in every 2,110 housing units affected, significantly higher than the national rate of 1 in 3,562. Nationwide, foreclosure filings decreased by 5% from April but increased by 14% compared to May 2025, according to ATTOM's U.S. Foreclosure Market Report. South Carolina and Maryland followed Florida in foreclosure rates, while Vermont and South Dakota experienced the lowest rates. ATTOM CEO Rob Barber noted that elevated mortgage rates, rising ownership costs, and affordability issues are pressuring homeowners, though overall foreclosure volumes remain below historical averages. Cleveland had the highest foreclosure rate among major cities, with 1 filing per 1,524 housing units, followed by Baltimore, Tampa, Riverside, CA, and Orlando, FL. Conversely, some mid-range cities, including Santa Rosa, CA, Honolulu, and Seattle, saw year-over-year decreases in foreclosure filings. Texas recorded the highest number of foreclosure starts in May with 3,590, closely followed by Florida with 3,315.