San Antonio Foreclosures

The filing deadline has passed for foreclosure postings to be filed at county courthouses throughout the State of Texas for the upcoming foreclosure auctions to be held on Tuesday, February 1st, 2011 and Foreclosure Listing Service, Inc. has completed its research .

Compared to this time last year, posting activity in Bexar County for February climbed 7% from the 1,286 postings filed for the February foreclosure auction of 2010.

On a month-to-month basis, foreclosure filings were down -9% from the 1,521 postings filed for the last foreclosure auction (for the January auction).  Bexar County foreclosure posting activity for February remained on the high-end in this foreclosure cycle.  Foreclosure postings in Bexar County have been at 1,000 or more for 27 months in a row.  Posting activity pushed even higher by topping 1,300 in 17 of those months and surpassed 1,500 notices 11 times.  Monthly posting activity surged even higher reaching above 1,600 twice.  The record high for this foreclosure cycle was set with the January of 2010 auction when 1,682 notices were filed on properties located within Bexar County.

I expect that foreclosure postings will remain on the high-end and that a real recovery is far from happening anytime soon.