Foreclosure postings in the Dallas-Fort Worth area fell in July-September period to their lowest level in 11 quarters, a new report says.
From July through Texas’ upcoming foreclosure auctions in September, 12,876 postings were filed on area homes, a 21% decline from the 16,229 postings recorded for the third quarter of last year, according to a report from Foreclosure Listing Service Inc.
Postings also declined on a year-to-date basis, according to FLS.
“For the first time in 11 years, year-to-date residential postings declined,” said George Roddy Sr., president of Foreclosure Listing Service. Through September, 42,380 postings have been filed threatening Dallas-area homes with foreclosure, a 12% decline from the 48,081 postings filed over the same period last year.
The report covers the four counties in the Dallas-Fort Worth metro area: Dallas, Tarrant, Collin and Denton. All four saw foreclosure postings drop from a year earlier to their lowest levels in two years or more.
Foreclosure postings increased for homes valued below $100,000, rising 7%, but dropped for all other price segments. Of the homes posted for foreclosure this year, 83% were priced under $200,000.
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