October Foreclosure Filings Up on Monthly Basis, Down Annually, ATTOM Finds

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ATTOM, Irvine, Calif., released its October Foreclosure Market Report, finding that foreclosures were up 4% from September but down 11% from last October.

ATTOM reported 30,784 properties with foreclosure filings–which include default notices, scheduled auctions or bank repossessions.

Nationwide, one in every 4,578 housing units had a foreclosure filing, with Nevada, New Jersey, Florida, California and South Carolina seeing the highest rates.

“Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM. “As we approach 2025, the recent Fed rate cut and the new administration could impact mortgage rates and market stability. While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.”

Lenders started the foreclosure process on 20,950 properties, up 6% from September and down 10% from October 2023.

States with the greatest number of foreclosure starts were California (2,915); Texas (2,282), Florida (2,227), New York (1,187) and Michigan (1,035).

Foreclosure completions reached 2,938 properties, up 12% from September but down 12% year-over-year.

States with the highest number of REOs were California (306), Illinois (252); Texas (249); New York (212) and Florida (140).