Real Estate news from the we buy houses team

Home foreclosure postings in the Dallas-Fort Worth area have jumped by almost a quarter in the latest filings.

More than 4,800 homes are scheduled for foreclosure next month, according to preliminary numbers from Addison-based Foreclosure Listing Services.

That compares with 3,879 postings for August of 2007.

Despite the big increase, total foreclosure filings for the D-FW area are below the recent peak in February when more than 5,300 postings were recorded.

The largest volume of postings for August was recorded in Dallas County, with 2,140 filings. That’s an increase of about 22 percent from a year ago.

Denton and Collin counties had the biggest percentage gain in foreclosure postings – up about 50 percent from a year ago.

With August’s postings, the total so for 2008 in the four-county area is more than 33,000.

Number of foreclosure filings each month in the four-county area.

January: 3,672
February: 5,315
March: 4,161
April: 4,109
May: 4,426
June: 3,839
July: 3,747
August: 4,834

This entry was posted on Thursday, July 17th, 2008 at 9:42 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.