Dallas-Fort Worth area home foreclosure postings are hitting new highs, with more than 6,000 properties set for sale next month.
That’s a 62 percent jump from a year ago, according to Addison-based Foreclosure Listing Service.
The latest tally of foreclosure postings easily topped the last record of just over 5,500 filings for May’s auctions.
Many of the current filings are homes that have been previously scheduled for foreclosure but were not sold at auction by the lenders, Foreclosure Listing Service reports.
So far this year, more than 35,000 D-FW home foreclosure filings have been recorded – a 20 percent rise from the first seven months of 2008, Foreclosure Listing Service said Thursday.
In Dallas County, currently 2,579 homes are threatened with foreclosure – 56 percent more than a year ago.
Tarrant County foreclosure postings have shot up even higher, surging 66 percent from a year ago with 2,015 filings for next month’s sale.
And postings are up 67 percent in Collin County and 68 percent in Denton County, according to the latest records.
Mortgage company and government programs designed to help homeowners with loan problems may be adding to the surge in foreclosure filings. While lenders are negotiating with borrowers, they often repost the home each month for pending foreclosure.
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Residential properties scheduled for foreclosure auction in July and change from a year ago: |
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Dallas County |
2,579 |
56% |
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Tarrant County |
2,015 |
66% |
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Collin County |
834 |
67% |
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Denton County |
644 |
68% |
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D-FW area |
6,072 |
62% |
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SOURCE: Foreclosure Listing Service |
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