Foreclosure Postings Top Record In DFW

June 19, 2009

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In Tarrant County, foreclosure postings for July sale topped 2,000. Dallas County has 2,579 homes threatened with foreclosure.

Addison-based Foreclosure Listing Service (FLS) says that lenders reposting homes that had been previously posted but not sold at auction.

Postings are up over 60 percent in Tarrant, Collin and Denton counties over last July’s number. Dallas County’s number grew at just 56 percent, according to FLS.

Homeowners facing foreclosure have some options that can stop the sale at auction. Filing Chapter 13 bankruptcy stops proceedings on a foreclosure and can allow homeowners to repay back payments over a 3 to 5 year period.

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Posted by Rob | Filed Under Bankruptcy Articles 



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