The rapid rise in distressed auction inventory in some markets is causing some buyers to be more cautious in their acquisition strategy.”
already seen in the first half of the year. Completed foreclosure auction volume in second quarter 2025 increased 8% from the previous quarter and was up 19% from a year ago to a two-year high, according to the latest Auction Market Dispatch from Auction.com. The biggest increase in second quarter 2025 foreclosure auction volume was for properties securing mortgages insured by the Veterans Affairs (VA), which were up an eye-popping 122% from the previous quarter and 428% from a year ago. Those stratospheric increases were somewhat expected given a nationwide foreclosure moratorium on VA-insured mortgages that ended in December 2024. That moratorium created a backlog of deferred distress that is now making its way
FIGURE 1. 2025 FORECLOSURE AUCTIONS INCREASES
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