New Record Level Set for D/FW Home Foreclosure Postings

6,072 residential postings filed for July auctions.35,121 residential postings recorded so far this year.

JULY FORECLOSURE POSTINGS
Mr. Roddy stated, "Monthly residential foreclosure posting activity has topped 6,000 for the first time in this foreclosure cycle in the Dallas/Fort Worth Metro."
He continued, "For the upcoming foreclosure auctions to be held on July 7th, 66,072 postings have been filed on homes located in the four-county D/FW Metro, which was 62% surge over the 3,747 notices filed on area homes for the July auctions of last year.
Mr. Roddy stated, "For the last 10 consecutive months, residential foreclosure posting activity has resided on the high-end of this foreclosure cycle with monthly postings exceeding 4,000 notices per month in the D/FW Metro. And, for the past 4 month in a row, home postings have consistently been above 5,000 per month. Now, for the first time in this foreclosure cycle and most likely the first time on record, D/FW home postings have skyrocketed above the 6,000 mark.

What does this mean for the market? A lot of competition and a great time to buy a home at a great price!! Call me for more details.