10/12/2026
🏠 Foreclosures Are Going Up
More homeowners are having trouble paying their mortgages.
In Tennessee, foreclosure starts jumped from 290 to 710 in August. That’s a 145% increase from last year! Oklahoma was up 102%, with several other states also seeing big increases.
Across the country, nearly 26,000 homes started the foreclosure process in August, up 7% from last year.
This doesn’t mean a housing crash is coming, but it’s something to watch.
💡 Having trouble with your mortgage? Contact your lender early. You may have more ways to get help before you miss a payment.
At Gately Properties, we believe knowing your options is the first step toward finding a solution.