posted on January 02, 2012 13:05
The number of Dallas-Fort Worth area commercial property foreclosure postings fell by 14 percent in 2011.
It's the first decline in the past six years.
There were 2,860 foreclosure postings issued in 2011 on commercial properties, compared with 3,313 notices issued the previous year, according to data compiled by Addison-based Foreclosure Listing Service Inc .
“The last time Dallas-Fort Worth annual commercial foreclosure posting activity from year-to-year eased was in 2005, when 1,002 commercial postings were filed compared to the 1,091 notices recorded in 2004," said George Roddy Sr., president of the firm.
Foreclosures in Dallas County fell 5 percent, which trailed Tarrant County's 13 percent drop. Collin and Denton counties saw 29 percent drops.
12/23/11, Lance Murray, Dallas Business Journal