U.S. foreclosure activity went way up in October

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Foreclosure activity in the U.S. spiked about 27% from September to October — the largest month-over-month increase in foreclosures since August 2007, according to a report from the real-estate focused company ATTOM Data Solutions. One in every 1,258 residential housing units had a foreclosure filing in October, and while the foreclosure rate is higher than it was in September, it's still lower than it was at the same time last year.

ATTOM defines foreclosure activity as a property whose owner has received a notice of default on the mortgage, is scheduled for auction or has been repossessed by the bank (basically the beginning, middle and end of the foreclosure process, though these terms and procedures vary by state). Much of the foreclosure activity in recent months came by way of bank repossessions, but foreclosure filings of all kinds increased from September to October.

"The increase in October isn't enough evidence to indicate a new foreclosure crisis emerging in these states, but it certainly demonstrates that this housing recovery is not completely devoid of risk," said Daren Blomquist, senior vice president at ATTOM, in a press release about the report. "The loans used in this housing recovery that appear to be most susceptible to foreclosure are those such as FHA and VA with low down payments."

RELATED: Here's the salary you will need to buy a home in major US states:

20 PHOTOS
Salary to buy a home in 19 major US cities
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Salary to buy a home in 19 major US cities

19. San Antonio

Population: 1,409,000

Median Home Price: $192,100

Monthly Mortgage Payment: $1,096

Salary Needed to Buy: $46,000

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18. Orlando

Population: 255,483

Median Home Price: $205,000

Monthly Mortgage Payment: $1,115

Salary Needed to Buy: $48,000

Photo via AOL

17. Minneapolis

Population: 407,207

Median Home Price: $223,700

Monthly Mortgage Payment: $1,172

Salary Needed to Buy: $50,500

Photo via AOL

16. Philadelphia

Population: 1,517,628

Median Home Price: $213,700

Monthly Mortgage Payment: $1,204

Salary Needed to Buy: $51,500

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15. Dallas

Population: 2,518,638

Median Home Price: $206,200

Monthly Mortgage Payment: $1,208

Salary Needed to Buy: $52,000

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14. Houston

Population: 2,076,189

Median Home Price: $209,200

Monthly Mortgage Payment: $1,217

Salary Needed to Buy: $52,000

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13. Baltimore

Population: 640,064

Median Home Price: $233,500

Monthly Mortgage Payment: $1,233

Salary Needed to Buy: $53,000

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12. Chicago

Population: 2,824,584

Median Home Price: $209,800

Monthly Mortgage Payment: $1,352

Salary Needed to Buy: $58,000

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11. Sacramento

Population: 479,686

Median Home Price: $294,100

Monthly Mortgage Payment: $1,450

Salary Needed to Buy: $62,000

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10. Miami

Population: 417,650

Median Home Price: $286,000

Monthly Mortgage Payment: $1,471

Salary Needed to Buy: $63,000

Photo via AOL

9. Portland

Population: 609,456

Median Home Price: $318,300

Monthly Mortgage Payment $1,538

Salary Needed to Buy: $66,000

Photo via AOL

8. Denver

Population: 649,495

Median Home Price: $353,500

Monthly Mortgage Payment: $1,596

Salary Needed to Buy: $68,500

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7. Seattle

Population: 652,405

Median Home Price: $385,300

Monthly Mortgage Payment: $1,829

Salary Needed to Buy: $78,500

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6. Washington, DC

Population: 582,049

Median Home Price: $371,600

Monthly Mortgage Payment: $1,834

Salary Needed to Buy: $78,500

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5. Boston

Population: 645,966

Median Home Price: $393,600

Monthly Mortgage Payment: $1,940

Salary Needed to Buy: $83,000

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4. New York City

Population: 8,213,839

Median Home Price: $384,600

Monthly Mortgage Payment: $2,024

Salary Needed to Buy: $87,000

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3. Los Angeles

Population: 3,794,640

Median Home Price: $481,900

Monthly Mortgage Payment: $2,217

Salary Needed to Buy: $95,000

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2. San Diego

Population: 1,284,347

Median Home Price: $546,800

Monthly Mortgage Payment: $2,407

Salary Needed to Buy: $103,000

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1. San Francisco

Population: 777,660

Median Home Price: $781,600

Monthly Mortgage Payment: $3,453

Salary Needed to Buy: $148,000

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Forty-six states reported a month-over-month increase in foreclosure activity, meaning homeowners all over the country may be struggling to make their home loan payments. And as much as making a late payment on your mortgage can hurt your credit, losing your home to foreclosure can damage your credit for far longer. If your mortgage payments are a challenge, consider reaching out to your lender for help, take a look at this guide on how to save your home from foreclosure and keep an eye on how your loan affects your credit. (You can do that by getting your free credit report summary every two weeks on Credit.com and getting your free annual credit reports at AnnualCreditReport.com.)

Because only four states and the District of Columbia saw a drop in their foreclosure rate from September to October, the list of the 10 states with the highest foreclosure rates remains relatively similar to what it's been in recent months. Here's where foreclosures were most common in October.

10. Georgia

October 2016 foreclosure rate: 1 in every 1,028 housing units
Change from September 2016: up 61.97% (was No. 15)
Change from October 2015: up 21.96% (was No. 16)

9. Pennsylvania

October 2016 foreclosure rate: 1 in every 1,018 housing units
Change from September 2016: up 47.92% (was No. 12)
Change from October 2015: up 19.98% (was No. 13)

8. Ohio

October 2016 foreclosure rate: 1 in every 930 housing units
Change from September 2016: up 45.25% (was No. 11)
Change from October 2015: up 4.29% (was No. 8)

7. Florida

October 2016 foreclosure rate: 1 in every 895 housing units
Change from September 2016: up 6.2% (was No. 5)
Change from October 2015: down 34.93% (was No. 3)

6. Nevada

October 2016 foreclosure rate: 1 in every 826 housing units
Change from September 2016: up 8.63% (was No. 3)
Change from October 2015: down 27.71% (was No. 4)

You can see the full list of cities facing high levels of foreclosure on Credit.com.

More from Credit.com:
Who Are the Major Credit Reporting Agencies?
The Biggest Mortgage Mistake Consumers Make
What Makes Your Mortgage Credit Score Different

This article originally appeared on Credit.com.

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