DFW foreclosures lowest since 2005DFW foreclosures lowest since 2005https://www.recenter.tamu.edu/news/newstalk-texas/?Item=86492013-01-07T12:10:00Z2013-01-07T10:00:00Z

DALLAS-FORT WORTH - Monthly foreclosure filings have reached a low that hasn’t been reached in North Texas since mid-2005.

Just under 2,400 area homes are threatened with forced sale by lenders next month. That’s a 42 percent decline from January 2012, according to Foreclosure Listing Service. The all-time high for monthly foreclosures was in April 2010, when 6,168 filings were recorded.

Annual home foreclosure postings in the DFW area peaked in 2010 with almost 64,000 residential filings. For 2012, foreclosure postings fell to less than 49,000.

The average home now posted for foreclosure in the DFW area has a $146,101 loan that was made in 2005. The average unpaid balance on these mortgages is $124,646.

The largest numbers of January foreclosure filings were in Fort Worth (335), Dallas (311), Arlington (173) and Grand Prairie (120).

Residential Properties Scheduled for Foreclosure Auction in January
Area Properties Y-O-Y
Dallas County 1,026 -43%
Tarrant County 810 -39%
Collin County 293 -44%
Denton County 269 -37%
DFW area 2,398 -42%

Read more at the Dallas Morning News.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/residential-real-estate/20121230-north-texas-home-foreclosures-fall-to-lowest-level-since-2005.eceRead more at {Source}

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