Story perspectives
Foreclosure Risk Soars Amid Rising Costs, Delinquencies Spike
10/8/2025
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Story summary
- Foreclosure risk is rising as homeowners face higher insurance and property-tax costs; average property coverage is $2,370, up 70% in five years.
- Foreclosure filings rose 18% year-over-year in August 2025 to 188,000 properties; delinquencies rise from job losses and rates, especially on variable-rate loans.
- Kimberly Draxler of Hillview, Kentucky, faced foreclosure, kept her home by filing Chapter 13 bankruptcy.
