Foreclosure Filings Fall Monthly, Gain Annually, ATTOM Finds

(Image courtesy of Curtis Adams/pexels.com)

ATTOM, Irvine, Calif., released its latest U.S. Foreclosure Market Report, finding that there were 40,355 U.S. properties with foreclosure filings in the month. That’s down 5% from a month ago, but up 14% from May 2025.

One out of every 3,562 housing units nationwide had a foreclosure filing in May. That includes properties with default notices, scheduled auctions or bank repossessions.

Lenders initiated the foreclosure process on 27,304 properties, down 4% from April but up 13% year-over-year.

And, lenders repossessed 4,092 properties through completed foreclosures, down 20% from April but up 6% from May 2025.

“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” said Rob Barber, CEO at ATTOM. “Foreclosure starts and completed foreclosures both increased compared to last year, reflecting ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs and affordability constraints persist. At the same time, foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges.”

Florida had the worst foreclosure rate in the country, with one in every 2,110 housing units with a foreclosure filing. Next was South Carolina, with one in every 2,287 housing units, followed by Maryland, with one in every 2,369 units, Nevada, with one in every 2,386 units and Indiana, with one in every 2,516 units.

Texas topped the list of foreclosure starts, with 3,590, followed by Florida (3,315), California (2,350), Georgia (1,161) and Illinois (1,150).

States with the highest number of REOs were Texas (519), California (427), Florida (340), Illinois (223) and Michigan (222).