Foreclosures drop in DFW Metroplex
Addison, Texas - 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, April 5th, 2011. Therefore, Foreclosure Listing Service, Inc. has completed our research of the April foreclosure postings. George Roddy, Sr., President of Foreclosure Listing Service, Inc., announced “For the first time in eleven years, residential foreclosure posting activity for the year-to-date has declined in the Dallas/Fort Worth Metro.” Last year, foreclosure notices for the first four auctions of the year reached a new record high with 22,305 postings. Over the past year, posting activity for this four-month period declined to 21,387 for the first four foreclosure auctions of this year, which includes January through the upcoming auctions in April,” the foreclosure researcher statedThe foreclosure analyst, who’s firm has been tracking foreclosure activity for more than four decades, remarked, “This is certainly welcome news. But, quite frankly, I believe that we are not out of the woods yet and will not be for some time to come. It remains a sad time for those families losing their homes to foreclosure; but, a great time of opportunity for investors and others buying homes in today’s market.”
Comments (2)
For the first time in 11 years?! Wow!
Bryan Hancock, about 15 years ago
So we may not be at the bottom in DFW, yet?
Jon Klaus, about 15 years ago