A total of 36,033 properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions – in April, up 0.4% compared with March and up 13.9% compared with April 2024, according to ATTOM’s latest U.S. Foreclosure Market Report.
Lenders repossessed 3,580 properties through completed foreclosures (REOs) in April, down 2.9% compared with the previous month but up 23.3% compared with a year ago.
States that saw the largest annual decreases REOs in April included South Carolina (down 45.9%); Maryland (down 42.5%); Ohio (down 22.4%); New York (down 17.3%); and New Jersey (down 11.5%).
“April’s foreclosure activity continued its gradual climb, with both starts and completions up annually,” says Rob Barber, CEO at ATTOM, in the report. “While volumes remain below historical norms, the year-over-year increases may suggest that some homeowners are beginning to feel the effects of persistent economic pressures.”
Cities that saw the greatest number of REOs included Chicago (220 REOs), Atlanta (213 REOs), New York (143 REOs), Houston (114 REOs) and Philadelphia, PA (86 REOs).
Lenders started the foreclosure process on 25,265 U.S. properties in April, up 0.8% from March and up 16.1% from a year ago.
States that had the greatest number of foreclosures starts included Texas (3,280); Florida (2,810); California (2,501); Illinois (1,313); and Ohio (1,135).
Cities with the greatest number of foreclosure starts in April included Houston (1,202); Chicago, IL (1,139); New York, NY (1,099); Miami, FL (739); and Atlanta (665).
Photo: Matthew Moloney
