ATTOM released its August 2025 U.S. Foreclosure Market Report, which shows there were 35,697 properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 1 percent from July but up 18 percent from a year ago.
“August marked the sixth consecutive month of year-over-year increases in U.S. foreclosure activity and the third straight month with double-digit annual growth,” ATTOM CEO Rob Barber said in a release. “While overall levels remain below those seen before the pandemic, the ongoing rise in both foreclosure starts and completions suggests that some homeowners may be experiencing added financial strain in the current high-cost and high-interest-rate environment.”
Nationwide, one in every 3,987 housing units had a foreclosure filing in August, according to ATTOM. States with the worst foreclosure rates were Nevada (one in every 2,069 housing units with a foreclosure filing); South Carolina (one in every 2,152 housing units); Florida (one in every 2,512 housing units).
Among the 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in August were Lakeland, Fla. (one in every 1,212 housing units with a foreclosure filing); Columbia, S.C. (one in every 1,347 housing units); Chico, Calif. (one in every 1,545 housing units); Cleveland (one in every 1,755 housing units); and Ocala, Fla. (one in every 1,816 housing units).
Those major metropolitan areas with a population greater than 1 million with the worst foreclosure rates in August besides Cleveland were: Las Vegas (one in every 1,817 housing units); Jacksonville, Fla. (one in every 2,057 housing units); Houston (one in every 2,195 housing units); and Orlando, Fla. (one in every 2,210 housing units).
Lenders started the foreclosure process on 24,254 properties in August, down slightly at 0.2 percent from July but up 16.9 percent from a year ago, according to ATTOM.
States that had the greatest number of foreclosure starts in August were: Texas (2,982 foreclosure starts); Florida (2,803); California (2,558); New York (1,207); and Illinois (1,170).
Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in August were: New York (1,431 foreclosure starts); Houston (1,178); Chicago (1,009); Los Angeles (862); and Miami, Fla. (748 foreclosure starts).
Lenders repossessed 4,077 properties through completed foreclosures (REOs) in August, an increase of 5 percent from July and an increase of 41 percent from last year, according to ATTOM.
States that had the greatest number of REOs in August included: Texas (476 REOs); California (343); New York (319); Florida (276); and Illinois (232).
Those major metropolitan statistical areas with a population greater than 1 million that saw the greatest number of REOs in August were: Chicago (159 REOs); New York (137); Houston (109); San Antonio (96); and Dallas (79).