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Foreclosures Jump 26% to 2020 Peak, Indiana Leads

5/4/2026

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Summary

Story summary

118,727 U.S. properties entered foreclosure in Q1 2026, a 26 percent rise YoY and the highest level since 2020.
Indiana had the highest state foreclosure rate at 1 in 739 homes, with Lakeland and Punta Gorda, Florida posting the two highest city rates.
Mortgage rates above 6 percent and inflation above Fed’s 2-percent target have coincided with President Donald Trump’s proposal of a 50-year mortgage and a ban on Wall Street investors buying single-family homes, though experts are skeptical.

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Story summary

118,727 U.S. properties entered foreclosure in Q1 2026, a 26 percent rise YoY and the highest level since 2020.
Indiana had the highest state foreclosure rate at 1 in 739 homes, with Lakeland and Punta Gorda, Florida posting the two highest city rates.
Mortgage rates above 6 percent and inflation above Fed’s 2-percent target have coincided with President Donald Trump’s proposal of a 50-year mortgage and a ban on Wall Street investors buying single-family homes, though experts are skeptical.