posted on December 24, 2010 23:45
The number of foreclosed Dallas-Fort Worth area homes up for auction in January is 6 percent lower than last year, according to Addison-based Foreclosure Listing Service.
In D-FW, 5,543 homes landed in the January 2011 foreclosure auction pool, down from 5,894 a year earlier.
While Foreclosure Listing Service recorded seven months of falling foreclosure postings in the past 9 months, the company's CEO George Roddy Sr. said the area is not out of the woods yet.
"D-FW residential foreclosure posting activity for January remained on the extreme high end in this foreclosure cycle," said Roddy in a statement. "Until a significant amount of workers begin to be re-employed, there is simply no reason for foreclosure postings to decline. Even re-employment in today's market does not assure that a family's bills will be paid because many workers are being hired at wages far lower than at their previous job."
12/16/10, Dallas Business Journal