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US foreclosure filings rise 14% annually in May, led by Southeast states
U.S. foreclosure activity continued its gradual annual rise in May 2026 even as filings declined from April, according to ATTOM’s latest Foreclosure Market Report.
U.S. foreclosure activity continued its gradual annual rise in May 2026 even as filings declined from April, according to Foreclosure starts increased 13% year over year to 27,304, while completed foreclosures — or real estate-owned (REO) properties — rose 6% to 4,092. ATTOM CEO Rob Barber said in the South Carolina: one in every 2,287 units
Among metro areas with at least 2 million residents, Texas, Florida and California lead in foreclosure starts
Lenders started foreclosures on 27,304 properties in May, down 4% from April but up 13% from a year earlier. The states with the highest number of foreclosure starts were: For lenders and servicers, higher starts in large states like Texas, Florida and California point to growing early-stage distressed pipelines. Conversely, sharp declines in select West Coast markets suggest local labor or Florida: 340 REOs
Among metros with more than 200,000 residents, the highest REO counts were in:
Source Reference
Originally published by HousingWire Automation
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