Foreclosures are on the rise nationwide, with filings in 2025 up 14% from the year prior, according to ATTOM’s Year-End 2025 U.S. Foreclosure Market Report. Lenders started the foreclosure process on 289,441 properties nationally last year, with Texas, Florida, California, Illinois and New York among the states with the greatest number of foreclosure starts.
The idea of buying a foreclosure may be tempting — and pros say it can be a good way to get a home at a significantly discounted price. That may be sweetened by the fact that the average 30-year fixed-rate mortgage is nearly a full percentage point lower than last year, according to Freddie Mac.
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