"ATTOM reported that 118,727 properties had a foreclosure filing in Q1 2026, up 6% from the prior quarter and 26% year over year. March alone saw 45,921 properties with filings, 18% higher than February and 28% above March 2025."
"Foreclosure starts rose to 82,631 properties in the first quarter, up 7% from Q4 2025 and 20% from a year earlier. Bank repossessions climbed even faster, with lenders taking back 14,020 properties in Q1, a 45% annual increase."
"The continued rise, especially in starts and bank repossessions, suggests financial pressure may be building for some homeowners and could signal shifting housing market dynamics, Rob Barber, CEO at ATTOM, said in a statement."
"According to Donna Schmidt, president and CEO of DLS Servicing, the industry saw five years of very low foreclosure rates due to loss-mitigation policies that allowed borrowers to kick the can down the road."
In Q1 2026, foreclosure filings reached 118,727, marking a 6% increase from the previous quarter and a 26% rise year over year. Foreclosure starts rose to 82,631, up 7% from Q4 2025 and 20% from the previous year. REO repossessions surged to 14,020, a 45% increase from Q1 2025. Although overall foreclosure volumes remain below pre-Great Recession levels, the upward trend in starts and repossessions suggests growing financial strain on homeowners, with geographic hotspots emerging, particularly in the Sun Belt region.
Read at www.housingwire.com
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