Debbie Geavaras Chicago Short Sales, Baird & Warner

05/21/2025

Bad Things Sometimes Happen To Good People. As an advocate for Homeowners Struggling or Behind on their Mortgage Payments or Delinquent on Property Taxes, I help people explore their options. Many of the options that were available during and after the pandemic have been phased out. See the article below and Call or text to set up a time to talk about your options. 224 280 8116.

U.S. Foreclosure Activity Increases Annually in April 2025
by ATTOM Team | May 14, 2025 | Foreclosures, Real Estate News - Recent Articles

ATTOM Q3 2023 Mortgage Origination Report

Completed Foreclosures (REOs) Dip Monthly but Increase from Previous Year; Foreclosure Starts Up Monthly and Annually Nationwide

IRVINE, Calif. — May 15, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its April 2025 U.S. Foreclosure Market Report, which shows there were a total of 36,033 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 0.4 percent from the prior month and up 13.9 percent from a year ago.

“April’s foreclosure activity continued its gradual climb, with both starts and completions up annually,” said Rob Barber, CEO at ATTOM. “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.”

Foreclosure completion numbers increase annually

Lenders repossessed 3,580 U.S. properties through completed foreclosures (REOs) in April 2025, down 2.9 percent from last month but up 23.3 percent from a year ago – marking the second month of REO numbers increasing annually.

Counter to the National trend states that had at least 50 or more REOs and that saw the greatest annual decline in April 2025 included: South Carolina (down 45.9 percent); Maryland (down 42.5 percent); Ohio (down 22.4 percent); New York (down 17.3 percent); and New Jersey (down 11.5 percent).

Among the 225 metropolitan statistical areas with a population of at least 200,000, that saw the greatest number of REOs included: Chicago, IL (220 REOs); Atlanta, GA (213 REOs); New York, NY (143 REOs); Houston, TX (114 REOs); and Philadelphia, PA (86 REOs).

Highest foreclosure rates in South Carolina, Illinois, and Florida

Nationwide one in every 3,950 housing units had a foreclosure filing in April 2025. States with the worst foreclosure rates were South Carolina (one in every 2,311 housing units with a foreclosure filing); Illinois (one in every 2,405 housing units); Florida (one in every 2,526 housing units); Delaware (one in every 2,617 housing units); and Nevada (one in every 2,944 housing units).

Those major metropolitan statistical areas (MSAs) with a population greater than 200,000, with the worst foreclosure rates in April 2025 were Warner Robins, GA (one in every 1,512 housing units with a foreclosure filing); Killeen-Temple, TX (one in every 1,590 housing units); Chico, CA (one in every 1,720 housing units); Ocala, FL (one in every 1,731 housing units); and Palm Bay-Melbourne-Titusville, FL (one in every 1,753 housing units).

Among the metropolitan areas with a population greater than 1 million, those with the worst foreclosure rates in April 2025 included: Cleveland, OH (one in every 1,964 housing units); Chicago, IL (one in every 2,076 housing units), Riverside, CA (one in every 2,106 housing units), Houston, TX (one in every 2,147 housing units) and San Antonio, TX (one in every 2,326 housing units).

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Foreclosure starts increase monthly and annually

Lenders started the foreclosure process on 25,265 U.S. properties in April 2025, up 0.8 percent from last month and up 16.1 percent from a year ago.

Those states that had the greatest number of foreclosures starts in April 2025 included: Texas (3,280 foreclosure starts); Florida (2,810 foreclosure starts); California (2,501 foreclosure starts); Illinois (1,313 foreclosure starts); and Ohio (1,135 foreclosure starts).

Among those major metropolitan statistical areas with a population of at least 200,000, those with the greatest number of foreclosure starts in April 2025, included: Houston, TX (1,202 foreclosure starts); Chicago, IL (1,139 foreclosure starts); New York, NY (1,099 foreclosure starts); Miami, FL (739 foreclosure starts); and Atlanta, GA (665 foreclosure starts).

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Report methodology

The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.

05/11/2024

Whether you are a Mom, Grandmother, Mom to be or an Aunt, I wish to honor you for all the love and dedication you give to your families. And for those who's mom has gone on to her reward, I am sending a hug and a suggestion to remember all the beautiful moments you had with her. Today, I'm wearing my mother's PURPLE sweatshirt in celebration of my mom who's been gone for 7 years.

02/21/2024

As I reflect on the friends, family, clients and colleagues who have chosen to work with me or introduce me to someone who is taking that large step of buying or selling a home, I am grateful.

Thank you for trusting my guidance and counsel, and for allowing me to be a part of this important chapter in your life.

02/16/2024

Are you or someone you know experiencing difficulty with your mortgage payments? There are some options for you to consider.

Get a Free Copy Of my book "Ideas To Avoid Foreclosure"

Click below for access.

http://tinyurl.com/27jac8d4

04/13/2023

If you are experiencing mortgage difficulties perhaps we can help you find solutions. Private message me or call me to start today! 224-2808116

03/14/2023

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.

A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now.

Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty in the market. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:

“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you...

Debbie Geavaras | 847.818.6036
[email protected]

The housing market has been going through shifts lately.

03/13/2023

One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home.

Bankrate explains it like this:

“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”

>>Majority of Americans Have a Large Amount of Equity
If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now.

And having such large amounts of equity is a benefit to homeowners in more ways...

Debbie Geavaras | 847.818.6036
[email protected]

One of the benefits of being a homeowner is that you build equity over time. 

03/10/2023

Debbie Geavaras | 847.818.6036
[email protected]

Some HighlightsIf you’re trying to decide whether to rent or buy a home, there are a few things you should consider.Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation.

03/09/2023

Are you planning to buy a home this spring? When you find the home you want to buy, remember these four tips to make your best offer.

>>1. Lean on a Real Estate Professional

Rely on an agent who can support your goals. Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

>> 2. Know Your Budget
Understanding your budget is especially important right now. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.

>>3. Think Through Everything Before Making an Offer
Today’s market isn’t...

Debbie Geavaras | 847.818.6036
[email protected]

Are you planning to buy a home this spring?

03/08/2023

Debbie Geavaras | 847.818.6036
[email protected]

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. 

03/07/2023

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):

“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”

And citing data from Pew Research Center, the Wall Street Journal (WSJ) says:

“. . . multigenerational living has made a comeback in recent years, particularly after the 2008 financial crisis and during the pandemic.”

So, if buying a...

Debbie Geavaras | 847.818.6036
[email protected]

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. 

03/06/2023

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.

But here’s the thing – most people who rent aren’t making those investments. Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index, explains:

“One of the difficulties with the rent and reinvest model is many people...

Debbie Geavaras | 847.818.6036
[email protected]

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.