ATTOM: U.S. Foreclosure Activity Up in Q1

(Image courtesy of Curtis Adams/pexels.com)

ATTOM, Irvine, Calif., reported that there were 93,953 U.S. properties with a foreclosure filing in Q1, up 11% from Q4 2024, but down 2% from last year’s first quarter.

March’s foreclosure filings numbered 35,890, up 11% from February and up 9% from March 2024.

There were 68,794 properties that started the foreclosure process in Q1, up 14% from the previous quarter and up 2% year-over-year.

Nationwide, one in every 1,515 housing units had a foreclosure filing in the quarter.

States with the highest rate were Delaware (one in every 761 housing units with a foreclosure filing), Illinois (one in every 857 units), Nevada (one in every 874 units), Indiana (one in every 976 units) and South Carolina (one in every 1,021 units.)

Lenders repossessed 9,691 properties through foreclosure in the first quarter, up 8% from the previous quarter and down 4% from last year.

The average time to foreclose in the quarter was 671 days, down 12% from Q4 and down 9% from Q1 2024.

“Following three consecutive quarters of decline, foreclosure activity ticked up in the first quarter of 2025, with notable growth in both starts and completions,” said Rob Barber, CEO at ATTOM. “While levels remain below historical averages, the quarterly growth suggests that some homeowners may be starting to feel the pressure of ongoing economic challenges. However, strong home equity positions in many markets continue to help buffer against a more significant spike in distress.”