U.S. Sees Significant 13% Yearly Increase in Foreclosure Activity in July 2025

Foreclosure Activity in July 2025: A Closer Look

The latest report released by ATTOM, a prominent real estate analytics organization, reveals alarming trends in the U.S. foreclosure market. In July 2025, the number of properties facing foreclosure filings surged by 13% compared to the previous year, reaching a total of 36,128 properties. This figure comprises default notices, scheduled auctions, and bank repossessions.

Rising Foreclosure Filings

According to Rob Barber, CEO of ATTOM, the upward trend is continuing, indicating both an increase in the initiation and completion of foreclosure processes. Although home prices are simultaneously rising, which helps some owners maintain their equity, the overall increase in filings suggests mounting pressure in various real estate markets across the country.

State Breakdown

Among the states, Nevada ranked the highest, with one in every 2,326 housing units facing a foreclosure filing, followed by Florida at 2,420 and Maryland at 2,566. This indicates a critical situation where homeowners are struggling to meet their mortgage obligations. Other states with notable figures include South Carolina and Illinois, with rates of one in 2,588 and 2,727 housing units facing foreclosure, respectively.

In large metropolitan areas, Bakersfield, California, continued to show concerning statistics, with one foreclosure filing per every 1,538 housing units. Similarly, Cape Coral and Lakeland in Florida showcased troubling numbers at 1,735 and 1,802 respectively.

For cities with populations exceeding one million, Houston, Texas, stood out with one foreclosure filing per 1,882 housing units, followed closely by Jacksonville, Florida, at 1,893.

Foreclosure Starts and Completes

The report reveals that lenders initiated foreclosure processes on 24,302 U.S. properties during July, marking an 11% rise year-over-year and 12% from the previous month. Texas led this category with 3,600 foreclosure starts, with Florida and California following closely behind at 2,891 and 2,830 respectively.

In terms of completed foreclosures, lenders repossessed 3,866 properties, translating to a 1% decline from June but an 18% increase from July of the previous year. Texas remained dominant in this area as well, with 377 properties, followed by California with 360.

The Broader Implications

This ongoing rise in foreclosure activity puts a spotlight on market health and economic stability. While some areas benefit from rising home values, others face stark realities as households are unable to keep up with mortgage payments. The data analysis suggests varying degrees of stress in different markets, often reflective of local economic conditions.

ATTOM's methodology ensures accuracy through a comprehensive assessment process, incorporating documents from over 3,000 counties that encompass over 99% of the U.S. population. This detailed approach helps provide an in-depth understanding of the foreclosure landscape.

Conclusion

As the housing market evolves, stakeholders must pay close attention to these trends. This report serves as a critical reminder of the ongoing challenges many face in today’s economy, illustrating the delicate balance between equity maintenance and economic pressures. As such, both homeowners and investors should remain vigilant and informed to navigate this changing landscape effectively.

For additional information or inquiries about ATTOM's data and analytics, individuals can reach out through the official communication channels provided in the report.