Click on chart for a larger file. These totals are for the Johnson City and Kingsport-Bristol metro areas. Greeneville foreclosures are not inlcuded.

Tri-Cities foreclosure activity is increasing, according to ATTOM’s Foreclosure Report.

Local conditions mirror a wider assessment explained by Rob Barber, CEO at ATTOM.  “While levels remain below historical averages, the quarterly growth suggests that some homeowners may be starting to feel the pressure of ongoing economic challenges. However, strong home equity positions in many markets continue to help buffer against a more significant spike in distress.”

That home equity protection has extra emphasis in the Tri-Cities. According to the latest ATTOM Equity Report a little over 60% of the local mortgaged properties have an equity rich status. The average local loan-to-value position for those owners is 59.4%.

There were 34 new foreclosure filings in March, up 13% from last year. First quarter filings totaled 83, up 48% from the previous quarter and down 19% from the first quarter last year. Those numbers include filings in the Greeneville metropolitan district.

Lenders foreclosed on nine properties in March. The remaining were trustee sales.

A total of 68,794 U.S. properties started the foreclosure process in Q1 2025, up 14% from the previous quarter and up 2% from a year ago.

Categories: REAL ESTATE