RealtyTrac: Texas foreclosures jump 17 percent in September

Texas foreclosures were up 17 percent in September from the previous month and 43.7 percent higher than in September 2008, according to new data from RealtyTrac Inc. The Irvine, Calif.-based company, which compiles and sells foreclosure data for its U.S. Foreclosure Market Report, said the state had 13,216 default notices, scheduled auctions and bank repossessions filed in September, giving it the 25th-highest rate in the nation. For the third quarter, Texas foreclosures were 11.3 percent higher than the second quarter and 8.7 percent above third quarter 2008. There were 29,838 filings during the quarter, with one in every 316 housing units receiving a foreclosure filing, according to the company. That put Texas at No. 28 in the nation. Nationwide, filings fell 4 percent between August and September, but were up 29.2 percent from September 2008. More than 340,000 filings were made in September. Overall, filings increased by 5.4 percent in the United States between the second and third quarters with 937,840 properties foreclosure filings during the third quarter — one out of every 136 housing units — the highest quarterly rate since RealtyTrac began its market reports in 2005. That compared with a 22.5 percent rise between third quarter 2008 and third quarter 2009. California, Florida, Arizona, Nevada, Illinois and Michigan accounted for 62 percent of the nation’s total foreclosure activity in the third quarter, with 579,541 properties receiving foreclosure filings in the six states combined. For More information on preventing foreclosure go to read our special report or Call NOW for a free consultation on how we can help you. Call NOW 817-550-5069.

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