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DALLAS MORTGAGE DELINQUENCIES JUMP IN JANUARY

By
Real Estate Agent with Keller Williams Luxury Homes 0546263

DALLAS MORTGAGE DELINQUENCIES JUMP IN JANUARY

DALLAS (Dallas Morning News) - The number of Dallas homeowners 90 days or more late on their mortgage payments surpassed Texas' delinquency rate in January and the city's year-ago total, according to First American CoreLogic.

CoreLogic reported that 6.14 percent of Dallas homeowners were 90 or more days behind on their payments in January, up from 4.22 percent in January 2009.

Statewide, 5.65 percent of homeowners were behind, well below the 8.66 percent delinquency rate of homeowners nationwide.

That's never a good thing to hear.  As a CDPE agent I am trained to help people realize what options they have other than foreclosure.  I see far too many people walk away from their home and go into foreclosure instead of knowing what options they have.  Short sales are one way to prevent a foreclosure but there are many other options available depending on the circumstances of the home owner.  Short sale along with renting or a loan modification are just a few.  If you get in trouble, please find a CDPE trained agent to help you. 

 

Posted by

Debbie Gill, Realtor

GRI, ABR, C.D.P.E., SRES, NHS

 (972)877-6147

Keller Williams DFW Preferred

546 E. Sandy Lake Rd., Coppell, Tx 75019

www.DebbieSellsDFW.com 

debbiegill@kw.com

 
Mike Sparks
The House Company Galveston Texas - Galveston, TX
Galveston Island Real Estate

I'm afraid Texas was late to the foreclosure party, but that doesn't mean we're missing it.

Mar 09, 2010 07:18 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Sounds like an ugly beast is rearing it's ugly head again. I've heard some unsettling forecasting about a new wave of foreclosure madness

Mar 09, 2010 07:29 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - our pre-foreclosures rose again in February, after a decrease in January.  I believe that we are going to be in this situation at least for another year here in Arizona.

Mar 11, 2010 03:56 AM