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U.S. Foreclosure Activity Jumps 13% YoY in July, Highest of 2025

Industry Update
August 14, 2025

Source: ATTOM

ATTOM, a leading curator of land, property data, and real estate analytics, today released its July 2025 U.S. Foreclosure Market Report, which shows there were a total of 36,128 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — up 11 percent from a month ago and up 13 percent from a year ago.

“July’s foreclosure activity continues to trend upward year-over-year, with increases in both starts and completions,” said Rob Barber, CEO at ATTOM. “While rising home prices are helping many owners maintain equity, the steady climb in filings suggests growing pressure in some markets.”

Nevada, Florida, and Maryland post worst foreclosure rates

Nationwide, one in every 3,939 housing units had a foreclosure filing in July 2025. States with the worst foreclosure rates were Nevada (one in every 2,326 housing units with a foreclosure filing); Florida (one in every 2,420 housing units); Maryland (one in every 2,566 housing units); South Carolina (one in every 2,588 housing units); and Illinois (one in every 2,727 housing units).

Among the 110 metropolitan statistical areas with a population of at least 500,000, those with the worst foreclosure rates in July 2025 were Bakersfield, CA (one in every 1,538 housing units with a foreclosure filing); Cape Coral, FL (one in every 1,735 housing units); Lakeland, FL (one in every 1,802 housing units); Columbia, SC (one in every 1,803 housing units); and Deltona, FL (one in every 1,818 housing units).

Those major metropolitan areas with a population greater than 1 million with the worst foreclosure rates in July 2025 were: Houston, TX (one in every 1,882 housing units); Jacksonville, FL (one in every 1,893 housing units); Las Vegas, NV (one in every 1,914 housing units); Riverside, CA (one in every 1,921 housing units); and Cleveland, OH (one in every 2,030 housing units).

Greatest numbers of foreclosure starts in Texas, Florida, and California

Lenders started the foreclosure process on 24,302 U.S. properties in July 2025, up 12 percent from last month and up 11 percent from a year ago.

States that had the greatest number of foreclosure starts in July 2025 included: Texas (3,600 foreclosure starts); Florida (2,891 foreclosure starts); California (2,830 foreclosure starts); Illinois (1,177 foreclosure starts); and Ohio (1,029 foreclosure starts).

Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in July 2025 included: Houston, TX (1,406 foreclosure starts); Chicago, IL (1,117 foreclosure starts); New York, NY (1,003 foreclosure starts); Miami, FL (920 foreclosure starts); and Dallas, TX (751 foreclosure starts).

Foreclosure completion numbers decline slightly from last month

Lenders repossessed 3,866 U.S. properties through completed foreclosures (REOs) in July 2025, a decrease of 1 percent from last month and an increase of 18 percent from last year.

States that had the greatest number of REOs in July 2025, included: Texas (377 REOs); California (360 REOs); Florida (241 REOs); Michigan (236 REOs); and Illinois (223 REOs).

Those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest number of REOs in July 2025 included: Chicago, IL (139 REOs); New York, NY (120 REOs); Detroit, MI (101 REOs); Houston, TX (95 REOs); and Los Angeles (77 REOs).

Conclusion

Overall, the July 2025 foreclosure data underscores a continued upward trajectory in activity, with notable increases in both starts and completions compared to last year. While strong home prices and equity levels may help many homeowners avoid foreclosure, the persistent rise in filings—especially in states and metros already facing higher rates—signals growing market stress that will be important to monitor in the months ahead.