As mortgage rates fall and foreclosures rise, is a foreclosure something aspiring homebuyers should consider?

Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S.

Know and understand the six key steps.

Florida led the nation in foreclosure filings in 2025, as the nationwide rate reached its highest level since Covid.

In recent years, foreclosed homes have gained popularity among buyers looking for more affordable entry points into the real estate market. Whether you’re a first-time homebuyer, an investor, or just ...