Despite the low prices of properties under bank and HUD foreclosure homes list, buyers chose to remain on the sidelines as housing sales decline in Houston in November. Although sales dropped for the month, prices of residences improved.
Half-year foreclosure results in the Dallas-Fort-Worth region, including properties under foreclosed single family house listings, have eased a bit compared with the 2009 first half.
Values of residences, including properties in federal house lists, have declined in Dallas-Fort Worth. According to reports, values for 2010 dropped by more than $11 billion.
Filings for home foreclosures in Fort Worth surged in 2009, but actual foreclosures declined as more lenders delayed completing the foreclosure processes. Lenders made efforts to comply with modification programs and to cut down the costs of maintaining foreclosed properties.
Home foreclosures in Dallas slowed in 2009, but defaults continued to surge to record levels. The nearly 19,000 foreclosure postings in 2009 marked a 12-percent decline from postings in 2008.
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