County foreclosures hit 500 for October sale
08:43 AM CDT on Friday, September 19, 2008
Residential foreclosures are on the rise again in Denton County and the Dallas-Fort Worth area, according to Foreclosure Listing Service Inc.
For the Oct. 7 sale, Denton County foreclosures are up 34 percent with 500 listed for the upcoming sale, compared to 372 for the October 2007 auction.
Collin County topped the list with a 50 percent increase in foreclosure listings with 484 filed for the upcoming auction, up from 322 for October 2007.
Dallas County residential foreclosures were up 32 percent and listings in neighboring Tarrant County were up 38 percent, according to records.
The October foreclosure auction will mark the third time this year home foreclosure postings have hit 500 in Denton County, according to Foreclosure Listing Service officials. The record high was the 566 homes posted for sale in February.
In the first 10 months of this year, residential foreclosure postings have surpassed the 4,254 notices filed for all of last year. This year’s total, as of the October auction, stands at 4,575.
Dawn Cobb
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