Dallas-Fort Worth foreclosure postings reach record high
Dallas-Fort Worth foreclosure postings reached nearly 64,000 for 2010, a new annual record high, according to Foreclosure Listing Service. The year-end data is available because the filing deadline for the last auction on the Dec. 7 has passed. “For the second year in a row, residential foreclosure postings continued to climb with almost 64,000 D-FW homes threatened by foreclosure this year,” said George Roddy Sr., president of Foreclosure Listing Service. For the year, 63,835 residential properties received a foreclosure auction posting, up about 4% from 2009 when 61,676 properties were posted. Annual foreclosures have risen 384% over the past 10 years, according to FLS. In 2000, 13,185 homes in the area were posted for a foreclosure auction sale. For the month of December, 6,081 homes were posted for foreclosure sale, up 31% from November. For the fourth quarter, postings were down 6% compared to the year-ago quarter. Not all properties posted for a foreclosure sale are ultimately sold at auction, as some may come under review for a loan modification, or if the homeowner pays the delinquent amounts or files for bankruptcy it would be removed from the auction, for example. Write to Kerry Curry.