Foreclosure Postings Up In D/FW
December 19, 2008
Foreclosure postings at courthouses in Dallas, Tarrant, Collin and Denton counties are up for January sales, according to a report published by Foreclosure Listing Service, Inc.
The report states that 4,078 residential postings were filed for January 2009 auctions, up 11 percent from January 2008.
Tarrant County postings rose 11 percent from last year, while Dallas postings saw only an 8 percent rise. Collin and Denton counties saw 18 and 16 percent increases respectively.
George Roddy Sr., president of Foreclosure Listing Service, said in a press release that he expected the numbers to not rise so much after Fannie Mae and Freddie Mac announced that they would halt foreclosure proceedings during the holidays.
“Fannie Mae/Freddie Mac pledged to suspend foreclosure sales on occupied single-family homes until January 9,” Roddy said. “Abandoned or vacant properties will still be auctioned off.”
Of the properties posted for sale, 54 percent involve homes with Fannie Mae or Freddie Mac backed mortgages. That is down from 58 percent in January 2008.
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