A total of 28,270 foreclosure listings have been filed in the Dallas/Fort Worth Metroplex region for residential homes so far this year, according to data released by Foreclosure Listing Service. The figure is up 10 percent from the same period last year.
George Roddy, president of Foreclosure Listing Service, said he expects the total to reach 30,000 by the end of the year. The region includes Dallas, Tarrant, Collin, Denton, Rockwall and Ellis counties.
“Although monthly foreclosure posting activity will continue to vacillate somewhat from month to month, I expect residential postings to remain at the current high level for some time,” Roddy said. “However, as we move forward through this part of the foreclosure cycle, we will not see huge jumps in posting activity simply because we will be comparing already high levels of postings to the current high numbers.”
Among the four-county Metro, Tarrant County had the largest gain in residential posting activity for November with an 8 percent increase over this time last year with 801 residential postings compared to 739 during the eleventh month of last year. So far this year, 8,922 postings have been filed on Tarrant residential homes, which was 12 percent above this time last year.
In Dallas County, residential postings increased 5 percent with 1,225 residential postings for the upcoming foreclosure auction in November, compared with 1,162 during the same month last year. From January through the upcoming foreclosure auction in November, 13,673 postings have been filed on Dallas County residential properties. This was up 10 percent compared to the same period last year and 44 percent over the same time period two years ago. By year-end, Foreclosure Listing Service expects Dallas County residential foreclosure postings for all of 2004 to come close to 15,000.
Foreclosure Listing Service tracks foreclosure activity in a number of Texas counties, including Dallas, Tarrant, Collin, Denton, Rockwall and Ellis Counties, Bexar, Travis, Williamson, Hays, Bell, Bastrop and McLennan.
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