Addison, Texas (PRWEB) February 18, 2009
In a meeting, George Roddy, Sr., President of Foreclosure Listing Service, Inc. announced, “Among the 19 Texas counties covered by Foreclosure Listing Service, Inc., around 21,000 foreclosure postings have been filed on houses for the foreclosure auctions held in the Very first Quarter of this year.”

Mr. Roddy continued, “Home postings for the Very first Quarter were up eight % in Foreclosure Listing Service, Inc.’s all round coverage location, which involves 19 Texas counties. For the very same quarter final year, around 19,500 postings have been filed on residences within this area.”

Central Texas Region:

The foreclosure analyst, who’s firm has been tracking foreclosure activity given that 1963, noted, “The largest gains in residential foreclosure posting activity more than the last year have occurred in the Central Texas region.”

Mr. Roddy stated, “The biggest gain was a 66% surge in First Quarter house postings filed in Bastrop County.”

He added, “The second most significant improve for the Initial Quarter was a 61% jump in Guadalupe County house postings in third spot, Hays County residence postings climbed 49% and, ranking fourth, Travis County residential filings rose 38%.”

North Texas Area:

Mr. Roddy stated, “In the North Texas Area, 1st Quarter’s residential residence postings continued to climb in six counties with the biggest gains in Johnson and Ellis Counties, where postings enhanced 27% and 24%, respectively.”

Foreclosure Listing Service, Inc.’s President continued, “The only decline in First Quarter’s house postings was amongst 3 counties positioned in the North Texas region. The most significant was a 26% drop in property postings in Grayson County. In addition, residential posting activity for the 1st Quarter fell 4% in Rockwall County and inched down 2% in Tarrant County.”

“There was no alter in First Quarter property posting activity in the Dallas County region,” the foreclosure researched said.

Special Points:

When asked what the future holds, Mr. Roddy shared, “March’s decline in postings is welcomed news however, I expect that foreclosure postings across the State will stay at a higher level and could push even larger. In the foreseeable future, there is simply no financial purpose for the pace to slow down. Unemployment is rising and layoffs are continuing.”

When asked about the President’s pending announcement relating to help to property owners in foreclosure, Mr. Roddy replied, “We’ll just have to wait to see the particulars of that strategy. Till now, the federal government’s stimulus package to jump start off the economy has been directed at the lending institutions, massive companies and government agencies. The average homeowner struggling to hold on to his house has not noticed any immediate relief.” He continued, “Certainly, we are all interested in seeing how the President’s new package will help homeowners. Nevertheless, for any aid package to be effective, the implementation of the plan should be swift as these distressed homeowners need help as speedily as possible. And, as we know, quickly implementation and speedy answers are not simple to come by in Washington.”

“Even the loan modification approach is very slow. Amongst lenders who have previously agreed to operate far more diligently with delinquent home owners, a lot of are taking six or more months to answer requests for loan modifications,” he said.

Mr. Roddy was lately asked how you can currently know the Initial Quarter numbers when we are nevertheless in February. He replied, “I comprehend it seems strange to currently be reporting how a lot of homes have been posted for foreclosure in the Very first Quarter of this year. Nonetheless, we are able to do that due to the fact the filing deadline to record a foreclosure posting for the upcoming foreclosure auctions on March 3rd has currently passed. The last day to file a posting notice for the March foreclosure auction was on February 9th.”

When asked if there is any excellent news to report, Mr. Roddy shared, “Sadly, foreclosures are devastating to the property owner and their household. Nevertheless, for an investor, this is 1 of the best instances to be acquiring genuine estate.” He said, “We see investors every single month that are ready, prepared and in a position to buy properties either before the auction even though the home is nevertheless controlled by the home owner, bidding at the foreclosure auction, or soon after the sale when the home is in the hands of the lender.”

Foreclosure Listing Service, Inc.’s
RESIDENTIAL FORECLOSURE POSTINGS Analysis
Initial QUARTER COMPARISON

Location or County