Fort Worth Foreclosures for Sale Rise as Home Defaults Grow
Fort Worth foreclosures for sale grew in number in the July-September quarter as home loan defaults rose. The pace of foreclosures in the Fort Worth-Dallas area increased by nearly 5 percent from the second quarter.
Fort Worth foreclosures for sale grew in the residential sector in the three-month period ended September as home loan defaults rose, based on data from the Mortgage Bankers Association and from a foreclosure research firm.
According to the MBA, nearly 10 percent of Texas homeowners defaulted on their home loans in the July-September quarter and about two percent of them went into foreclosure.
A total of 61,676 residential units in the Fort Worth-Dallas area received foreclosure notices this year, an increase of 23 percent compared to last year.
By Cassiano Travareli