.wre-home .wre-primary-menu:not(.wre-menu-ready) .sub-menu,.wre-home .wre-utility:not(.wre-menu-ready) .sub-menu{display:block!important} @media(max-width:760px){.wre-home .wre-nav-border:not([data-wre-mobile-ready]) .wre-navigation{display:flex!important}}

Current News & Events Mortgage Information Real Estate News U.S. Housing Market WRE News Exclusive

Foreclosure Activity Records Uptick in August

Nationwide, one in every 4,113 housing units had a foreclosure filing last month.

By Phil HallSeptember 13, 2023

Home for sale with red and white real estate sign during the fall season. Fall season with leaves on ground. Front porch and windows in background. Residential neighborhood. Moving house, relocation concept. Foreclosure.

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.