"In 2025, we've seen a consistent pattern of foreclosure activity trending higher, with both starts and completions posting year-over-year increases for consecutive quarters, said Rob Barber, CEO at ATTOM. While these figures remain within a historically reasonable range, the persistence of this trend could be an early indicator of emerging borrower strain in some areas."
"A total of 72,317 properties began the foreclosure process in the third quarter up 2% from the prior quarter and 16% higher than last year. States reporting the most starts included Texas (9,736), Florida (8,909), California (7,862), Illinois (3,515) and New York (3,234). Among metro areas with populations above 200,000, Houston led with 3,763 starts, followed by New York City (3,452), Chicago (3,144), Miami (2,502) and Los Angeles (2,321)."
"Nationally, one in every 1,402 housing units had a foreclosure filing in the third quarter. Florida recorded the highest rate one in every 814 homes followed by Nevada (one in 831), South Carolina (one in 867), Illinois (one in 944) and Delaware (one in 974). Among the 225 largest metro areas, Lakeland, Fla., had the nation's worst rate at one in every 470 homes. Lenders repossessed 11,723 properties through completed foreclosures in the third quarter, a 4% quarterly increase and a 33% rise from a year earlier. The average time to complete a foreclosure dropped to 608 days in the third quarter down 6% from the pr"
September filings totaled 35,602, a 0.3% monthly decline but 20% higher than September 2024. Third-quarter foreclosure starts reached 72,317, up 2% from the prior quarter and 16% year-over-year. Top states for starts were Texas, Florida, California, Illinois and New York. Among large metros, Houston, New York City, Chicago, Miami and Los Angeles recorded the most starts. Nationally, one in every 1,402 housing units had a foreclosure filing in Q3, with Florida at one in 814 homes. Lenders completed 11,723 foreclosures in Q3, a 4% quarterly and 33% annual increase, and average completion time fell to 608 days.
Read at www.housingwire.com
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