Industry News

Real estate foreclosures spike 10% in North Texas

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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...