As foreclosures continue to rise, Banks are beginning lower the list prices on properties as reported by the Dallas Business Journal earlier this month.
(3/13/08 - DBJ)
Home foreclosure postings filed for April jumped 19 percent in the Dallas-Fort Worth area, with Denton County's figure up 40 percent from a year ago.
Eight out of 10 North Texas counties saw double-digit increases of homes listed for foreclosure auctions to be held April 1, according to Foreclosure Listing Service Inc. Denton County had the steepest increase, with 465 homes posted compared with 333 a year ago.
Homes facing foreclosure in Dallas County increased 14 percent to 1,814 homes from 1,597 last April, while the figure in Tarrant County rose 21 percent to 1,288 homes from 1,066. Collin County postings grew 17 percent to 542 homes from 465 last year.
The second highest increase was in Grayson County, with a 23 percent jump to 48 homes from 39, while Ellis County had 91 homes listed, up 20 percent from 76 last April.
The only two counties that saw declines were Parker and Kaufman counties. Parker County postings fell 15 percent to 39 homes from 46 homes, while postings for Kaufman County slipped 3 percent to 76 homes from 78.
Year-to-date foreclosures surged 21 percent for the Dallas-Forth Worth area to 17,258homes, up from 14,308 in the same period last year. The number rose 15 percent in Dallas County to 7,714 homes and was up 27 percent in Tarrant County to 5,591.
For your free list of foreclosures in Dallas, email me at luna@greatdfw.com
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