North Texas foreclosure filings drop 28% in July

Postings in the four-county Dallas and Fort Worth metro area fell to 4,078 for the July auction, according to Foreclosure Listing Service. Dallas County reported the highest volume of foreclosure postings at 1,610, a 33% decrease from July 2010. Tarrant County had 1,374 postings, followed by Collin County at 582 and Denton County at 512. FLS said July is the fifth consecutive month auction postings were lower compared to the year ago period. In May, foreclosure postings decreased a staggering 23% from a year earlier and in June postings dipped another 6%. However, George Roddy, president of FLS, remained cautious on his outlook of the market. “While I am not yet ready to say the foreclosure market has rebounded, I am certainly encouraged,” said Roddy. “I remain guarded and believe that while postings may inch down somewhat, that overall posting levels will remain high for some time to come.” Roddy picked out another piece of positive news from the data. FLS found that July is the third successive month postings in the Dallas/Fort Worth metro area were under 4,500. Prior to the latest numbers, monthly posting levels were at or more than 4,500 per month for the 25 previous months, he said. So far in 2011, there have been more than 33,500 foreclosure postings in the Dallas/Fort Worth area, down 10% compared to 2010, according to FLS. Write to Christine Ricciardi.