Dallas-Fort Worth home foreclosure filings drop 7 percent

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com

North Texas home foreclosure filings are down again.

The number of homes facing foreclosure in the Dallas-Fort Worth area next month is 7 percent below where it was a year ago, according to statistics released Friday from Foreclosure Listing Service.

July’s foreclosure filings include 5,654 D-FW residential properties, the Addison-based foreclosure tracking firm said.

Foreclosure filings in April and May were also lower than a year ago, giving hope that record home loan defaults in the D-FW area are easing.

“While this is certainly not an indication that the residential foreclosure crunch is over, it is welcomed news that we have seen a decline for three months in a row in same-month to same-month postings,” Foreclosure Listing Service president George Roddy said in a statement.