U.S. foreclosure activity increased in July, with foreclosure filings rising 10% from a year earlier, although activity remained below historic norms, according to ATTOM‘s July 2026 U.S. Foreclosure Market Report released Thursday.
A total of 39,906 U.S. properties had foreclosure filings in July, including default notices, scheduled auctions and bank repossessions. That was up 1% from June and 10% from July 2025.
“The increase in foreclosure starts and completed foreclosures compared to last year shows that financial pressures remain a factor for some homeowners,” Rob Barber, CEO of ATTOM, said in a statement. “However, the broader context is important. Foreclosure activity remains relatively low by historical standards.”
Nevada recorded the highest foreclosure rate in July, with one filing for every 1,703 housing units. South Carolina followed with one in every 2,085 housing units, while Florida ranked third at one in every 2,232 units. Delaware and Texas rounded out the top five.
Among metropolitan areas with at least 200,000 residents, Punta Gorda, Florida, had the highest foreclosure rate, with one filing for every 899 housing units. It was followed by Killeen, Texas; Las Vegas; Vallejo, California; and Lakeland, Florida.
Lenders started the foreclosure process on 26,648 U.S. properties in July, up 2% from June and 10% from a year earlier.
Texas had the most foreclosure starts with 3,306, followed by Florida with 3,277 and California with 2,540. Illinois and Georgia ranked fourth and fifth, respectively.
Completed foreclosures also remained elevated compared with a year earlier. Lenders repossessed 4,764 properties through completed foreclosures, or REOs, in July. That was virtually unchanged from June but up 23% from July 2025.
Texas recorded the most REOs with 1,265, followed by California with 616, North Carolina with 299, Maryland with 272 and Virginia with 263.
Among major metropolitan areas, Houston had the most completed foreclosures with 405, followed by Dallas with 223, Baltimore with 164, Washington, D.C., with 131 and San Antonio with 128.
Despite the year-over-year increases, ATTOM said foreclosure activity remains below pre-pandemic levels, suggesting the housing market remains relatively resilient even as some homeowners face financial pressures.
This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.