Foreclosure Starts Increase 17 Percent Compared to Last Year; Completed Foreclosures Rise 26 Percent Versus Year Ago
IRVINE, Calif. — December 9, 2025 —ATTOM, a leading curator of land, property data, and real estate analytics, today released its November 2025 U.S. Foreclosure Market Report, which shows there were a total of 35,651 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 21 percent from a year ago.
“November marks the ninth straight month of year-over-year increases in foreclosure activity, underscoring a trend that has steadily taken shape throughout 2025,” said Rob Barber, CEO at ATTOM. “Foreclosure starts were up 17 percent from last year and completed foreclosures rose 26 percent. While these numbers show continued upward movement, overall volumes remain well below historical highs. The data suggests the market is still normalizing as some homeowners contend with higher housing costs and shifting economic pressures.”
Delaware, South Carolina, and Nevada posted the nation’s worst foreclosure rates
Nationwide, one in every 3,992 housing units had a foreclosure filing in November 2025. States with the worst foreclosure rates were Delaware (one in every 1,924 housing units with a foreclosure filing); South Carolina (one in every 1,973 housing units); Nevada (one in every 2,373 housing units); New Jersey (on in every 2,511 housing units); and Florida (one in every 2,565 housing units).
Among metro areas with populations of 1 million or more, Philadelphia, PA recorded the worst foreclosure rate in November 2025, with one filing for every 1,511 housing units. The increase reflects a temporary spike caused by the resumption of data collection in Philadelphia, which added backlogged records and is expected to normalize in December. Following Philadelphia were Las Vegas, NV (one in every 2,013 housing units); Cleveland, OH (one in every 2,114); Orlando, FL (one in every 2,282); and Tampa, FL (one in every 2,362).
Florida, Texas, and California led the nation in foreclosure starts
Lenders started the foreclosure process on 23,720 U.S. properties in November 2025, down 6 percent from last month but up 17 percent from a year ago.
States that had the greatest number of foreclosure starts in November 2025 included: Florida (2,819 foreclosure starts); Texas (2,612 foreclosure starts); California (2,090 foreclosure starts); New York (1,146 foreclosure starts); and Illinois (1,075 foreclosure starts).
Unlike the national trend, several major metropolitan areas with populations over 1 million and at least 100 foreclosure starts experienced the largest year-over-year declines in November 2025, including: Boston, MA (decrease from 186 in November 2024 to 130 foreclosure starts in November 2025); Miami, FL (decrease from 768 to 607 foreclosure starts); Sacramento, CA (decrease from 185 to 148 foreclosure starts); Riverside, CA (decrease from 462 to 371 foreclosure starts); and Denver, CO (decrease from 173 to 145 foreclosure starts).
Foreclosure completions rise annually
Lenders repossessed 3,884 U.S. properties through completed foreclosures (REOs) in November 2025, an increase of 0.3 percent from last month and an increase of 26 percent from last year.
States that had the greatest number of REOs in November 2025, included: Texas (546 REOs); California (314 REOs); Florida (311 REOs); Pennsylvania (291 REOs); and Illinois (223 REOs).
Those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest number of REOs in November 2025 included: Philadelphia, PA (160 REOs); Chicago, IL (152 REOs); Houston, TX (134 REOs); Dallas, TX (116 REOs); and New York, NY (94 REOs).
Key Takeaways from the November 2025 Foreclosure Data
ATTOM’s November 2025 U.S. Foreclosure Market Report shows foreclosure activity rising for the ninth straight month year over year, with 35,651 properties reporting a foreclosure filing. Foreclosure starts climbed 20 percent, while completed foreclosures increased 32 percent from a year ago.
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Report methodology
The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.
About ATTOM
ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID.
From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, Cloud Delivery, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more.
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