Wednesday, February 17, 2010

DALLAS FORECLOSURES RISE AFTER FEBRUARY FALL

After a 4 percent year-over-year fall in February foreclosure postings, March postings increased 30 percent from the same month last year, according to Addison-based Foreclosure Listing Service.
The 5,548 postings for forced sale in March are also 18 percent above the number of homes in this month’s auctions, which saw the first decline in foreclosure filings on a year-over-year basis since October 2007.
By county, Tarrant County March postings rose 37 percent from last year, while Collin and Denton Counties had a 34 percent increase. Dallas County foreclosure postings climbed 23 percent from March 2009.
First-quarter foreclosure postings increased 22 percent from the year ago period to 16,137 postings. This number, however, was down 4 percent from fourth quarter 2009.
Fewer than half the homes scheduled for foreclosure auction each month are sold by lenders.