Dallas foreclosure rates continue to fall

DALLAS – Dallas area foreclosure rates continued to decline year-over-year in December, and were significantly lower than the national foreclosure rate.

The Dallas area foreclosure rate in December was 1.17 percent, which decreased 0.28 percentage points year-over-year, according to data released by California-based CoreLogic.

North Texas’ foreclosure rates continue to be lower than the national foreclosure rate of 2.96 percent for December.

Along with a declining foreclosure rate, the Dallas area mortgage delinquency rate also decreased in December. In the North Texas area, mortgage loans that were 90 days or more delinquent fell to 4.28 percent compared with 5.1 percent year-over-year.