Nearly one million U.S. homeowners are facing near-term foreclosure fears, a new LendingTree study found.

With inflation so high, some people are finding it hard to stay afloat. The majority of Americans are not behind on their mortgage payments. They aren’t facing near-term foreclosure. But the million who say they are, fear it could happen within two months, says the report.

LendingTree analyzed the latest U.S. Census Bureau Household Pulse Survey, which ran from July 27 to Aug. 8.

Only 3.71% of adults in owner-occupied housing are behind on their mortgage payments. Of that, 19.62% report being somewhat or very likely to leave their home due to foreclosure in the next two months. 

South Dakota, Oregon and New Mexico have the most concentrated number of potential foreclosures.  

Across these states, an average of 3.42% report being behind on mortgage payments. Of that, over half (55.45%) say they’re somewhat or very likely to leave their home due to foreclosure in the next two months.

In Nevada, Kentucky and Idaho, an average of 2.81% of adult owner-occupants report being behind on their mortgage payments. But none reported that they feared near-term foreclosure.

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