A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM.
Nationwide, one in every 4,113 housing units had a foreclosure filing last month. The states with the highest foreclosure rates were Nevada (one in every 2,224 housing units with a foreclosure filing), Illinois (one in every 2,433 housing units) and South Carolina (one in every 2,506 housing units).
Lenders started the foreclosure process on 22,899 properties in August, up 9% from July but down 4% from August 2022. Lenders repossessed 3,354 properties through completed foreclosures in August, a 1% uptick from the previous month and a 15% year-over-year decline.