Dallas Foreclosures: From Bad to Worse

By dallasrealtor | April 27, 2009

We had hoped to see a decline in Dallas foreclosures this month, due to the nation’s economic recovery initiatives and positive metrics from 2009’s first quarter. Not to be, according to the Morning News who reports that recent layoffs and increasing debt have accelerated the planned foreclosure rate for April in DFW to its second-highest total ever, more than 5,200 homes.

While this atmosphere creates ample opportunities for potential buyers looking for Dallas bank owned homes, the trend does not bode well for communities and businesses that are already facing economic hard times. We share the hopes of many Dallas residents that the coming months will bring improved financial status for the families and professionals we do business with.

If you are one of the unfortunate families facing foreclosure, we can help. We’ve seen many foreclosure trends come and go, and our selling expertise gives you a distinct advantage in weathering the storm toward a better future.

Topics: Foreclosures | No Comments »

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