Foreclosures up from last year (DFW area)

[UpInArms]

http://www.dallasnews.com/sharedcontent/dws/bus/stories/061804dnbusforeclose.1fb7f.html

The good economic news of recent weeks hasn't slowed down home foreclosures in North Texas.

The latest statistics – for next month's foreclosure auction in Dallas, Collin, Tarrant and Denton counties – show that the number of homes facing forced sale is up 27 percent from a year earlier.

More than 2,500 residential properties are scheduled for foreclosure sale in July, Foreclosure Listing Service reported Thursday.

Despite the increase from last July's total, local foreclosure postings are down from January, "when a new record level of posting activity was set for this foreclosure cycle with 3,007 filings," said George Roddy, president of the firm.

The biggest jump in postings is in Tarrant County, where the number of homes facing forced sale is up 37 percent in July from a year earlier. Collin County had a 27 percent increase from a year ago, Dallas County was up 24 percent, and the number of Denton County homes scheduled for the July foreclosure sale is up 14 percent.

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Hate to tell these folks, but that "good news" isn't going to reach anywhere but the top 1%.