Foreclosure activity is on the rise again across the United States, according to ATTOM’s Q1 2025 U.S. Foreclosure Market Report. The report highlights that 93,953 properties filed for foreclosure between January and March—a notable 11% increase from the previous quarter. While filings remain 2% below the same period last year, this uptick breaks a pattern of three consecutive quarters of decline and may signal growing financial pressure on some homeowners.
A Breakdown of the Numbers
The increase in foreclosure activity is being driven primarily by a rise in foreclosure starts. Nationwide, 68,794 properties began the foreclosure process in Q1 2025—up 14% from the previous quarter and 2% from a year earlier. Some states saw particularly steep year-over-year spikes in foreclosure starts, including Kansas (up 117%), Delaware (up 58%), and Oklahoma (up 45%).
Completed foreclosures, or bank repossessions, also rose in Q1, totaling 9,691 properties—a quarterly increase of 8%. The average time to complete a foreclosure has decreased to 671 days, a 12% improvement from the previous quarter.
Several regions reported the highest foreclosure rates relative to housing units. Delaware, Illinois, and Nevada led the way among states, while metropolitan areas such as Columbia, South Carolina; Lakeland, Florida; and Bakersfield, California had the highest rates among cities.
What This Means for Homeowners
Despite the increase in filings, many homeowners still have strong equity positions that can act as a safeguard against foreclosure. However, the data suggests that certain segments of the population may be starting to feel the effects of economic stress, such as higher interest rates, inflation, or job market instability.
For homeowners at risk, early action remains the best strategy. Exploring options such as loan modifications, forbearance, or selling the property before foreclosure can help preserve financial stability and avoid long-term credit consequences.
Peak Foreclosure: A Trusted Partner in Uncertain Times
Peak Foreclosure is a trusted provider of foreclosure processing services for lenders, servicers, and investors. With a focus on compliance, transparency, and efficiency, our team ensures every stage of the foreclosure process is handled with care and precision. In today’s shifting market, working with an experienced foreclosure partner is more important than ever.
To learn more about how Peak Foreclosure can support your organization, contact us today.
Have questions?
If you or someone you know has questions about the current foreclosure climate, we’d be happy to answer your questions:
kellie@peakforeclosure.com
(818) 591-9237
