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Dallas homes in foreclosure on rise
February 7th, 2009 9:29 AM

Dallas homes in foreclosure on rise

Dallas Business Journal

Foreclosures were on the rise in Dallas, Irving and Plano at the end of 2008, according to a report from First American CoreLogic, but remained steady in Fort Worth and Arlington.

The Santa Ana, Calif.-based company (NYSE: FAF) said about 0.9 percent of the homes in Dallas, Irving and Plano with mortgages were in foreclosure in December, up from 0.8 percent in December 2007. The company said 5,766 homes in that area were in foreclosure in the month of December.

CoreLogic collects data on home prices, foreclosure and delinquency activity and other residential real estate activity.

About 3.7 percent of Dallas-area mortgage loans were 90 days or more delinquent in December — unchanged from a year earlier.

Foreclosure rates in Fort Worth-Arlington have remained the same for December 2008 and December 2007 — 0.8 percent, CoreLogic said. It said 3,042 homes in the Fort Worth-Arlington area were in foreclosure in December. The mortgage delinquency rate also was unchanged with 3.8 percent of mortgage loans 90 days or more delinquent.

Foreclosure percentages in North Texas remain below the 1.7 percent of U.S. mortgages in foreclosure at the end of December, according to the report.

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Posted by David Bain on February 7th, 2009 9:29 AMPost a Comment

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