DFW 1Q foreclosure postings top 16,000
Foreclosure listings in the Dallas-Fort Worth area rose 3% between the fourth quarter of 2010 and the first quarter of 2011, according to foreclosure data firm Foreclosure Listing Service. For the first three months of 2011, area courthouses have recorded 16,194 foreclosure filings, making it the fourth time North Texas foreclosure filings hovered above 16,000 since the onset of the housing crisis. The report – which compiles data from the counties of Denton, Collin, Tarrant and Dallas – already includes March data since foreclosure postings are due at courthouses a month before auction. While quarter-over-quarter foreclosure listings grew 3%, foreclosure filings for next month's auction fell 9% from a year earlier. DFW area courthouses recorded 5,071 filings for the upcoming auction, down from 5,548 a year ago, but up 19% from March 2009 and 22% higher than March 2008. The silver lining is foreclosure filings for the March auction fell from the previous month in all DFW counties except Collin County, which saw its foreclosure postings rise 3% between February and March. However, on a year-over-year basis, all the counties reported a drop in March foreclosure filings. Write to Kerri Panchuk.