Foreclosure Crisis Hits Florida and Indiana Homeowners Hard

Pandemic policies and Biden administration fiscal failures drive inflation and insurance costs, leading to a surge in foreclosure filings

Mar. 14, 2026 at 5:50pm

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Indiana and Florida homeowners are facing a mounting foreclosure crisis, with over 300,000 properties teetering on the edge of foreclosure. This crisis is the result of pandemic-era policies that artificially suppressed foreclosures, as well as the Biden administration's fiscal failures that have driven up inflation and insurance costs. Foreclosure filings have jumped 185% nationwide from 2021 to the first half of 2023, with Florida and Indiana emerging as ground zero for the distress.

Why it matters

The concentration of foreclosures in Indiana and Florida exposes how Biden-era policies have hit heartland and sunbelt states the hardest, where working families and retirees expected stability. This dynamic threatens the middle-class foundation that conservatives champion, as homeownership slips further from reach for average Americans crushed by policies that prioritized spending over fiscal discipline.

The details

Federal forbearance programs from 2020 to 2023 artificially suppressed foreclosures, creating massive backlogs that are now flooding state courts. Florida recorded 13,837 foreclosure starts in the first half of 2023 alone, trailing only California and Texas. This surge reflects the unraveling of government interventions that delayed inevitable consequences for overleveraged buyers encouraged by reckless pandemic-era monetary policies. Rising costs tied to Biden administration spending and regulatory overreach have devastated household budgets, with hidden homeownership expenses now averaging $16,000 annually beyond mortgage payments. Florida property insurance premiums have soared due to hurricane exposure and insurer flight from the state, squeezing retirees and recent buyers who purchased at inflated 2020-2023 prices.

  • In the first half of 2023, nationwide foreclosure filings jumped 185% from 2021.
  • In October 2025, Florida claimed the nation's highest foreclosure rate at one in every 1,829 homes.
  • By February 2026, Indiana overtook Florida as the state with the top foreclosure ranking.

The players

ATTOM

A leading provider of property data and analytics.

Rob Barber

The CEO of ATTOM.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This crisis underscores how government-fueled inflation erodes the American dream of homeownership, as working families and retirees in Florida and Indiana face the devastating consequences of pandemic policies and fiscal mismanagement.