ATTOM: January Foreclosure Activity Up on Monthly Basis  

(Image courtesy of Brett Sayles/pexels.com)

ATTOM, Irvine, Calif., released its January 2025 U.S. Foreclosure Market Report, showing there were a total of 30,816 U.S. properties with foreclosure filings.

Nationwide, that’s one in every 4,618 housing units.

That’s up 8% from December, but down 7% from January 2024.

ATTOM includes in the metric any properties with default notices, scheduled auctions or bank repossessions.

“January showed a monthly increase in foreclosure filings that may in some part be the result of a normal post-holiday catch up of filings,” said Rob Barber, CEO at ATTOM. “It’s too early to know if 2025 will shift from the general 2024 trends of a continued decline in foreclosure activity.  We will keep a close eye on the market to see how interest rates, inflation, employment shifts, and other market dynamics impact foreclosures in 2025.”

Lenders repossessed 2,973 U.S. properties through completed foreclosures, up 1% from December, but down 25% from January 2024. There have been declining numbers on this front in 11 of the past 12 months.

Lenders started the foreclosure process on 20,994 U.S. properties, up 8% from December but down 4% from January 2024.

States with the highest rate of any foreclosure filing were Delaware (one in every 1,839 unit), Nevada (one in every 2,430 units), Indiana (one in every 2,459 units), Illinois (one in every 2,756 units) and Utah (one in every 3,251 units.)