Overview

• Lenders filed 36,128 foreclosure actions in July, marking an 11% month-over-month rise and a 13% jump from a year earlier.
• Foreclosure starts climbed to 24,302, an increase of 12% from June and 11% year-over-year, with Texas, Florida and California leading in new filings.
• Banks repossessed 3,866 homes through completed foreclosures, reflecting an 18% annual gain despite a 1% drop from the previous month.
• Foreclosure rates were most severe in Nevada, Florida, Maryland, South Carolina and Illinois, while metros like Houston and Las Vegas also saw elevated filing rates.
• The rise follows the expiration of FHA and VA relief, the resumption of federal student-loan collections and rising homeowner expenses, though newly enacted VA protections may ease future defaults.