ATTOM released its November 2025 U.S. Foreclosure Market Report, which showed a total of 35,651 properties with foreclosure filings, down 3 percent from October and up 21 percent from a year ago.
“November marks the ninth straight month of year-over-year increases in foreclosure activity, underscoring a trend that has steadily taken shape throughout 2025,” ATTOM CEO Rob Barber said in a release. “Foreclosure starts were up 17 percent from last year and completed foreclosures rose 26 percent. While these numbers show continued upward movement, overall volumes remain well below historical highs. The data suggests the market is still normalizing as some homeowners contend with higher housing costs and shifting economic pressures.”
Nationwide, one in every 3,992 housing units had a foreclosure filing in November. States with the worst foreclosure rates were Delaware (one in every 1,924 housing units with a foreclosure filing); South Carolina (one in every 1,973); Nevada (one in every 2,373); New Jersey (one in every 2,511); and Florida (one in every 2,565).
Among metro areas with populations of 1 million or more, Philadelphia recorded the worst foreclosure rate in November, with one filing for every 1,511 housing units. ATTOM noted the increase reflected a temporary spike caused by the resumption of data collection in Philadelphia, which added backlogged records and is expected to normalize in December.
Following Philadelphia were Las Vegas (one in every 2,013 housing units); Cleveland (one in every 2,114); Orlando, Fla. (one in every 2,282); and Tampa, Fla. (one in every 2,362).
Lenders started the foreclosure process on 23,720 properties in November, down 6 percent from October but up 17 percent from a year ago.
States that had the greatest number of foreclosure starts in November included: Florida (2,819 foreclosure starts); Texas (2,612); California (2,090); New York (1,146); and Illinois (1,075).
Unlike the national trend, several major metro areas with populations over 1 million and at least 100 foreclosure starts experienced the largest year-over-year declines in November, including: Boston (decrease from 186 in November 2024 to 130 foreclosure starts in November 2025); Miami (decrease from 768 to 607); Sacramento, Calif. (decrease from 185 to 148); Riverside, Calif. (decrease from 462 to 371); and Denver (decrease from 173 to 145).
Lenders repossessed 3,884 properties through completed foreclosures (REOs) in November, an increase of 0.3 percent from October and an increase of 26 percent from last year.
States that had the greatest number of REOs in November included: Texas (546 REOs); California (314); Florida (311); Pennsylvania (291); and Illinois (223).
Those major metropolitan statistical areas with a population greater than 1 million that saw the greatest number of REOs in November included: Philadelphia (160 REOs); Chicago (152); Houston (134); Dallas (116); and New York (94).