A total of 187,659 residential properties carried foreclosure filings in the first six months of the year, according to new data from ATTOM. This represents a 5.8% increase from the same time-period in 2024 and up 1.1% from the same period in 2023.
The states that recorded the greatest increases in foreclosure activity in the first half of the year compared to the same period one year ago included Alaska (up 55%), Rhode Island (up 51%), Wyoming (up 46%), Utah (up 46%), and Colorado (up 41%).
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Nationwide, one in every 1,413 housing units had a foreclosure filing in the second quarter.
The states with the worst foreclosure rates during the second quarter were South Carolina (one in every 874 housing units with a foreclosure filing), Illinois (one in every 877 housing units), Florida (one in every 881 housing units), Delaware (one in every 916 housing units), and Nevada (one in every 986 housing units).
During June, one in every 4,361 properties had a foreclosure filing. The states with the worst foreclosure rates in June were South Carolina (one in every 2,426 housing units with a foreclosure filing), Nevada (one in every 2,615 housing units), Florida (one in every 2,716 housing units), Illinois (one in every 2,766 housing units), and Delaware (one in every 3,074 housing units).
“Foreclosure activity continued its upward trend in the first half of 2025, with increases in both starts and completed foreclosures compared to last year,” said Rob Barber, CEO at ATTOM. “While the overall numbers remain below pre-pandemic levels, the persistent rise suggests that some homeowners are still facing financial challenges amid today’s housing and economic landscape.”
I would have thought Florida would be higher with the huge jump in Condo and HOA fees that no one can afford after all of the storms and the Milestone/SIRS requirements. Fied income owners can’t afford the special assessments.
Lawrence Yun just yesterday showed our foreclosure rate at a record low. Although we have record high mortgage debt at 14 trillion Homeowners also have record high net worth of over 50 trillion.
Cut off the foreclosure assistance and clear out the investors who used private money. That is where they all are hiding.