A total of 118,727 residential properties had a foreclosure filing during the first quarter of this year, according to data from ATTOM. That figure is up by 6% from the previous quarter and up by 26% from one year ago. One in every 1,211 housing units had a foreclosure filing during the first quarter.
A total of 82,631 properties started the foreclosure process in the first quarter, up by 7% from the previous quarter and up by 20% from one year ago. The states that had the greatest number of foreclosure starts in first quarter included Texas (10,617 foreclosure starts), Florida (10,099 foreclosure starts), California (7,985 foreclosure starts), Georgia (4,356 foreclosure starts), and New York (3,886 foreclosure starts).
Lenders repossessed 14,020 properties through foreclosure (REO) in the first quarter, up by 2% from the previous quarter and up by 45% from one year ago.
“Foreclosure activity increased in the first quarter, with both starts and completed foreclosures posting solid year-over-year gains,” said Rob Barber, CEO at ATTOM. “While volumes remain below historical peaks, the continued rise, especially in starts and bank repossessions, suggests financial pressure may be building for some homeowners and could signal shifting housing market dynamics.”
During March, a total of 45,921 residential properties had foreclosure filings, up by 18% from the previous month and up by 28% from one year ago. Last month, one in every 3,131 properties had a foreclosure filing.
A total of 30,334 properties started the foreclosure process in March, up by 17 % from the previous month and up by 21% from one year earlier. Lenders completed the foreclosure process on U.S. properties last month, up by 28% from February and up by 42% from March 2025.
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