Foreclosure Activity Increases Quarterly in Q1 2025

Bank Repossessions Up 8 Percent from Previous Quarter

by ATTOM Staff

ATTOM, a leading curator of land, property, and real estate data, released its Q1 2025 U.S. Foreclosure Market Report, which shows a total of 93,953 U.S. properties with  foreclosure filings during the first quarter of 2025, up 11% from the previous quarter but down 2% from a year ago.

The report also shows a total of 35,890 U.S. properties with foreclosure filings in March 2025, up 11% from the previous month and up 9% from a year ago.

“Following three consecutive quarters of decline, foreclosure activity ticked up in the first quarter of 2025, with notable growth in both starts and completions,” said Rob Barber, CEO at ATTOM. “While levels remain below historical averages, the quarterly growth suggests that some homeowners may be starting to feel the pressure of ongoing economic challenges. However, strong home equity positions in many markets continue to help buffer against a more significant spike in distress.”

Foreclosure starts increase nationwide

A total of 68,794 U.S. properties started the foreclosure process in Q1 2025, up 14% from the previous quarter and up 2% from a year ago.

States that had 100 or more foreclosures starts in Q1 2025 and saw the greatest annual increase included:

 »             Kansas (up 117%)

 »             Delaware (up 58%)

 »             Oklahoma (up 45%)

 »             Utah (up 42%)

 »             Wyoming (up 33%)

Those major metros with a population of 200,000 or more that had the greatest number of foreclosures starts in Q1 2025 included:

 »             Chicago, IL (3,789 foreclosure starts)

 »             New York, NY (3,566 foreclosure starts)

 »             Houston, TX (3,046 foreclosure starts)

 »             Miami, FL (2,028 foreclosure starts)

 »             Philadelphia, PA (1,985 foreclosure starts)

Highest foreclosure rates in Delaware, Illinois, and Nevada

Nationwide, one in every 1,515 housing units had a foreclosure filing in Q1 2025. States with the highest foreclosure rates were:

 »             Delaware (one in every 761 housing units with a foreclosure filing)

 »             Illinois (one in every 857 housing units)

 »             Nevada (one in every 874 housing units)

 »             Indiana (one in every 976 housing units)

 »             South Carolina (one in every 1,021 housing units)

Bank repossessions increase 8 percent from last quarter

Lenders repossessed 9,691 U.S. properties through foreclosure (REO) in Q1 2025, up 8% from the previous quarter but down 4% from a year ago.

Those states that had the greatest number of REOs in Q1 2025 were:

 »             California (944 REOs)

 »             Texas (938 REOs)

 »             Illinois (712 REOs)

 »             Pennsylvania (711 REOs)

 »             Michigan (665 REOs)

Author

  • ATTOM Team

    ATTOM provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99% of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management — ATTOM Cloud.

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