There were 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in April, down 4% compared with March and down 4% compared with April 2023, according to ATTOM.
Maryland, Illinois, and Nevada posted highest foreclosure rates for the month.
Lenders started the foreclosure process on 21,753 properties in April, down 7% compared with March and down 3% compared with April 2023.
Lenders repossessed 2,904 properties through completed foreclosures (REOs) in April, up 8% compared with the previous month but down less than 1% compared with a year earlier.
“April’s foreclosure numbers highlight a mixed landscape in the U.S. housing market,” says Rob Barber, CEO at ATTOM, in a statement. “While there is a general downtrend in foreclosure starts and filings, we have also seen an increase in completed foreclosures. This mixed activity underscores the importance of closely monitoring these developments to understand the ongoing dynamics in the real estate market.”
Photo: Matthieu Joannon
