Sunday, December 4, 2022

Foreclosure postings at all time high

Among the four largest counties in the DFW area, Denton County experienced the highest gain in residential foreclosures over the past year, according to data from Foreclosure Listing Service, Inc.

7,428 foreclosure postings were filed this year threatening Denton County homes with foreclosure compared to 6,763 one year earlier, a 10 percent increase.

The last auction of the year on Dec. 7 figures to be a busy one as well.

“Among the four counties in the D/FW Metro, Denton County experienced the highest gain in December’s residential posting activity over the past year,” said George Roddy, Sr., President of Foreclosure Listing Service, Inc.

Jumping 29 percent, 687 foreclosure postings have been filed in the county at the upcoming December auction compared to just 533 one year ago.

Residential postings in North Texas overall have inched up 4 percent over the past year, with 63,835 postings filed this year against homes located in the Metroplex compared to 61,676 notices last year, which was the previous annual record high, according to Roddy.

“Glancing back in time,” Roddy remarked, “annual foreclosure posting activity has risen 384% over the past ten years in the D/FW Metro.  Only 13,185 postings were filed on DFW homes in 2000 compared to the 63,835 notices this year.”

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