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DALLAS FORECLOSURE POSTINGS RISE
September 22, 2009 by cathy · Leave a Comment
DALLAS (Dallas Morning News) – Almost 6,000 area homes are scheduled for foreclosure auction next month, a 34 percent increase from a year ago, according to Addison-based Foreclosure Listing Service.
This brings the number of foreclosure postings for 2009 to nearly 51,000.
However, fewer than half of the homes set for forced sale each month are actually foreclosed on by the lender. In many cases, the borrower and debt holder reach an agreement or the foreclosure is delayed.
The biggest jump in foreclosures was seen in Collin County, where a 61 percent increase in foreclosure postings from 2008 led to 778 homes being scheduled for auction in October.
In Denton County, postings increased 42 percent from a year ago to 710.
Tarrant County experienced a 43 percent increase to 1,975, and Dallas County home foreclosure postings rose 20 percent to 2,477.
Even so, the number of homes actually being foreclosed on this year was down 17 percent during the first six months from the same period in 2008.
