By: Steve Brown
Researchers at CoreLogic said Tuesday that during the 12-month period ending in March, 10,361 Dallas area homes were sold by lenders at foreclosure auction.
That’s down about 10 percent from the previous 12 month period.
In March 1.3 percent of Dallas-area homes with a loan were in foreclosure – less than half the national rate of 2.8 percent.
About 1.1 million U.S. homes were in foreclosure, CoreLogic found.
“In March, completed foreclosures were down 52 percent from the peak in 2010 and almost all of the top 100 major metropolitan areas have declining foreclosure rates,” Dr. Mark Fleming, chief economist for CoreLogic, said in the report. “The foreclosure rate nationally is down 23 percent relative to a year ago, signaling continued reduction in the stock of distressed assets.”