The Collin County Observer
DBJ - Collin County foreclosures up 30% from last year
06/18/09
DBJ - Collin County foreclosures up 30% from last year
D-FW July foreclosure postings set record
Dallas Business Journal - by Bill Hethcock
Thursday, June 18, 2009
More than 6,000 residential foreclosure postings have been filed on homes in the four-county Dallas-Fort Worth Metroplex for auction next month — a 62% surge over the number of notices filed on area homes for the same period last year.
More than 35,000 residential postings have been recorded so far this year, a 20% increase compared with the same period last year, according to Addison-based Foreclosure Listing Service.
The 6,072 postings filed for the July auction surpassed the previous record of 5,500 filings for the auction in May, said George Roddy, president of FLS.
For the past 10 months, residential foreclosure postings have exceeded 4,000 per month in D-FW, and postings have exceeded 5,000 for the past four months. But this is the first time in this downturn that postings have risen above the 6,000 mark, Roddy said.
In Dallas County, 15,246 homes have been posted for foreclosure so far this year, a 16% increase from the same period last year. Year-to-date postings totaled 11,398 in Tarrant County, 4,658 in Collin County and 3,819 in Denton County, translating into 22%, 30% and 21% increases, respectively.
FLS is able to count the number of homes posted for July auction before July begins because the state filing deadline posting foreclosures has already passed.
“Sadly, foreclosures are devastating to the property owner and their family,” Roddy said in a press release. “However, for an investor, this is absolutely one of the best times in history to be buying real estate.”
link to article on the Dallas Business Journal....
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