For the first time in more than THREE YEARS, foreclosures are diminishing in Dallas Fort Worth. George Roddy Sr. of Foreclosure Listing Service, Inc. reports some good news preceding the spring market: Dallas-Fort Worth residential foreclosure postings have dropped to a 40-month low. Roddy says that for the upcoming auctions on May 3, only 3,719 postings have been filed on delinquent homes, which is the lowest number since January of 2008 when 3,672 postings were filed.
2008 — wow — remember those days? And remember last April when 6,168 foreclosure postings were reported?
Have we come a long ways baby at last? No, says Roddy. Don’t get too excited about a one month drop. In other words, it ain’t Miller Time yet. During the previous 31 consecutive months, the volume of D/FW home foreclosure postings has exceeded 4,000 each month.
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