Florida Foreclosures Soar
ATTOM has released its U.S. Foreclosure Market Report. According to the data, there were 35,498 U.S. properties with foreclosure filings during the month (default notices, scheduled auctions, or bank repossessions.)
To make comparisons from state to state, the study is based on the number of foreclosures per housing unit. “Nationwide, one in every 4,009 housing units had a foreclosure filing in May 2025.”
Florida had the second-worst number after Delaware. For Florida, it was one in every 2,536 housing units.
Jacksonville’s Poor Numbers
ATTOM also looks at the 110 largest cities in the country. Florida did particularly poorly among these, taking the three worst spots. For Lakeland, FL, the rate was one in every 1,506 housing units with a foreclosure filing; for Cape Coral, FL, it was one in every 1,674 housing units; and for Jacksonville, FL, it was one in every 1,888 housing units.
The ATTOM data did not provide information about why the Florida numbers are so high. In all likelihood, overbuilding has continued, along with rising storm damage and home insurance rates. In many cases, home insurance is not available at all.
In the 2008/2009 recession, some Florida cities had foreclosure rates of well over 20%. Florida residents, at least in some areas, have reason to be concerned.
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