Industry Update
July 16, 2025

Source: ATTOM

ATTOM, a leading curator of land, property data, and real estate analytics, today released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025. That figure is up 5.8 percent from the same time period a year ago and up 1.1 percent from the same time period two years ago.

“Foreclosure activity continued its upward trend in the first half of 2025, with increases in both starts and completed foreclosures compared to last year,” said Rob Barber, CEO at ATTOM. “While the overall numbers remain below pre-pandemic levels, the persistent rise suggests that some homeowners are still facing financial challenges amid today’s housing and economic landscape.”

States that saw the greatest increases in foreclosure activity compared to a year ago in the first half of 2025 included Alaska (up 55 percent); Rhode Island (up 51 percent); Wyoming (up 46 percent); Utah (up 46 percent); and Colorado (up 41 percent).

Illinois, Delaware, and Nevada post worst state foreclosure rates

Nationwide, 0.13 percent of all housing units (one in every 758) had a foreclosure filing in the first half of 2025.

States with the worst foreclosure rates in the first half of 2025 were Illinois (0.23 percent of housing units with a foreclosure filing); Delaware (0.23 percent); Nevada (0.21 percent); Florida (0.21 percent); and South Carolina (0.20 percent).

Other states with first-half foreclosure rates among the 10 worst nationwide were Indiana (0.18 percent); New Jersey (0.18 percent); Connecticut (0.17 percent); Ohio (0.16 percent); and Texas (0.15 percent).

Worst metro foreclosure rates in Lakeland, Columbia, and Chicago

Among the 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in the first half of 2025 were Lakeland, Florida (0.29 percent of housing units with foreclosure filings); Columbia, South Carolina (0.28 percent); Chicago, Illinois (0.26 percent); Ocala, Florida (0.26 percent); and Jacksonville, North Carolina (0.26 percent).

Other major metro areas with foreclosure rates ranking among the top 10 worst in the first half of 2025 were Fayetteville, North Carolina (0.26 percent of housing units with a foreclosure filing); Las Vegas, Nevada (0.25 percent); Cleveland, OH (0.25 percent); Atlantic City, New Jersey (0.25 percent); and Palm Beach, Florida (0.25 percent).

Foreclosure starts up 7 percent from last year

A total of 140,006 U.S. properties started the foreclosure process in the first six months of 2025, up 7 percent from the first half of last year and up 41 percent from the first half of 2020.

States that saw the greatest number of foreclosure starts in the first half of 2025 included Texas (17,680 foreclosure starts); Florida (15,198 foreclosure starts); California (14,751 foreclosure starts); Illinois (7,922 foreclosure starts); and New York (6,585 foreclosure starts).

Bank repossessions increase in first half of 2025 from last year

Lenders foreclosed (REO) on a total of 21,007 U.S. properties in the first six months of 2025, up 12 percent from the first half of 2024 but down 7 percent from the first half of 2023.

States that posted the greatest number of REOs in the first half of 2025 included Texas (2,207 REOs); California (1,799 REOs); Pennsylvania (1,461 REOs); Illinois (1,439 REOs); and Michigan (1,260 REOs).

Average time to foreclose continues to decline

Properties foreclosed in Q2 2025 had been in the foreclosure process an average of 645 days. That figure was down 4 percent from the previous quarter and down 21 percent from a year ago.

States with the longest average foreclosure timelines for homes foreclosed in Q2 2025 were Louisiana (3,612 days); Hawaii (2,746 days); Nevada (1,974 days); New York (1,927 days); and Connecticut (1,874 days).

States with the shortest average foreclosure timelines for homes foreclosed in Q2 2025 were Wyoming (125 days); Texas (135 days); New Hampshire (149 days); Montana (154 days); and Minnesota (162 days).

Worst quarterly foreclosure rates in South Carolina, Illinois, and Florida

There were a total of 100,687 U.S. properties with a foreclosure filing during the second quarter of 2025, up 7 percent from the previous quarter and up 13 percent from a year ago.

Nationwide one in every 1,413 housing units had a foreclosure filing in Q2 2025. States with the worst foreclosure rates were South Carolina (one in every 874 housing units with a foreclosure filing); Illinois (one in every 877 housing units); Florida (one in every 881 housing units); Delaware (one in every 916 housing units); and Nevada (one in every 986 housing units).

Among 110 metropolitan statistical areas with a population of at least 500,000, those with the worst foreclosure rates in Q2 2025 were Lakeland, Florida (one in every 654 housing units with a foreclosure filing); Columbia, South Carolina (one in every 694 housing units); Palm Bay, Florida (one in every 716 housing units); Bakersfield, California (one in every 720 housing units); and Cleveland, OH (one in 721).

June 2025 Foreclosure Activity High-Level Takeaways

Nationwide in June 2025, one in every 4,361 properties had a foreclosure filing.

States with the worst foreclosure rates in June 2025 were South Carolina (one in every 2,426 housing units with a foreclosure filing); Nevada (one in every 2,615 housing units); Florida (one in every 2,716 housing units); Illinois (one in every 2,766 housing units); and Delaware (one in every 3,074 housing units).

21,782 U.S. properties started the foreclosure process in June 2025, down 10 percent from the previous month but up 17 percent from June 2024.

Lenders completed the foreclosure process on 3,892 U.S. properties in June 2025, up 1 percent from the previous month and up 35 percent from June 2024.