Foreclosure postings in the Dallas-Fort Worth area fell in July-September period to their lowest level in 11 quarters, a new report says. From July through Texas’ upcoming foreclosure auctions in September, 12,876 postings were filed on area homes, a 21% decline from the 16,229 postings recorded for the third quarter of last year, according to a report from Foreclosure Listing Service Inc. Postings also declined on a year-to-date basis, according to FLS. “For the first time in 11 years, year-to-date residential postings declined,” said George Roddy Sr., president of Foreclosure Listing Service. Through September, 42,380 postings have been filed threatening Dallas-area homes with foreclosure, a 12% decline from the 48,081 postings filed over the same period last year. The report covers the four counties in the Dallas-Fort Worth metro area: Dallas, Tarrant, Collin and Denton. All four saw foreclosure postings drop from a year earlier to their lowest levels in two years or more. Foreclosure postings increased for homes valued below $100,000, rising 7%, but dropped for all other price segments. Of the homes posted for foreclosure this year, 83% were priced under $200,000. “The average Joe is still the one feeling the pains of this foreclosure crisis,” said Roddy. So-called underwater postings, or those where homeowners owe more than their homes are worth, rose 34% to 11,807 so far this year from the same period a year earlier, to 11,807. They made up 28% of total residential foreclosure postings, up from 21% through September 2010 and 16% in the same period in 2009. On the flip side, though, the surge in underwater postings provides a “tremendous opportunity” for investors, he said. Write to Liz Enochs.
Dallas foreclosures drop to lowest level in almost three years
Most Popular Articles
Latest Articles
Safeguarding sensitive data: Essential practices for businesses
In today’s interconnected digital landscape, information sharing is a fundamental aspect of business operations. However, the exchange of data comes with inherent cybersecurity risks, making it vital for organizations to adopt robust measures to protect sensitive information. This installment of the “Reducing Risk” series focuses on how careful review and encryption of sensitive data before sharing with external parties can mitigate cyber threats, safeguard your business, and strengthen trust with clients. Let’s explore this essential topic in depth.
-
loanDepot’s Frank Martell on building lifelong consumer relationships through technology
-
Housing market data positive despite Powell’s Grinch act
-
Two charts that explain why Texas housing markets have stalled
-
5 best online Florida estate schools for 2025
-
Anywhere settles lawsuit tied to Telephone Consumer Protection Act complaint