Foreclosure Starts Rise 17% YoY In November

According to ATTOM’s U.S. Foreclosure Market Report for the month of November, there were a total of 35,651 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — a total down 3% from October 2025, and up 21% 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% from last year, and completed foreclosures rose 26%. 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.”

States Posting The Worst Foreclosure Rates

One in every 3,992 housing units across the U.S. reported 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 (one in every 2,511 housing units)
• Florida (one in every 2,565 housing units)

Among metro areas with populations of one million or more, Philadelphia, Pennsylvania 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, Nevada (one in every 2,013 housing units)
• Cleveland, Ohio (one in every 2,114)
• Orlando, Florida (one in every 2,282)
• Tampa, Florida (one in every 2,362)

And Leading In Foreclosure Starts …

Lenders started the foreclosure process on 23,720 U.S. properties in November 2025, a total that was down 6% month-over-month, but up 17% from a year ago. States reporting 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)
• Illinois (1,075 foreclosure starts)

Unlike the national trend, several major metros with populations in excess of one million and at least 100 foreclosure starts experienced the largest year-over-year declines in November 2025, including:

• Boston, Massachusetts (decrease from 186 in November 2024 to 130 foreclosure starts in November 2025)
• Miami, Florida (decrease from 768 to 607 foreclosure starts)
• Sacramento, California (decrease from 185 to 148 foreclosure starts)
• Riverside, California (decrease from 462 to 371 foreclosure starts)
• Denver, Colorado (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, a slight increase of just 0.3%. States reporting the greatest number of REOs in November 2025, included:

• Texas (546 REOs)
• California (314 REOs)
• Florida (311 REOs)
• Pennsylvania (291 REOs)
• Illinois (223 REOs)

Major metropolitan statistical areas (MSAs) with a population greater than one million that saw the greatest number of REOs in November 2025 included:

• Philadelphia, Pennsylvania (160 REOs)
• Chicago, Illinois (152 REOs)
• Houston, Texas (134 REOs)
• Dallas, Texas (116 REOs)
• New York, New York (94 REOs)