Thursday, November 18, 2004

Home foreclosures up 14 percent

Star-Telegram Staff Writer

There were nearly 10,000 foreclosure postings on Tarrant County homes in 2004, the highest number of postings since the real estate crash of the late 1980s, according to figures from Foreclosure Listing Service.

The 9,944 Tarrant County foreclosure postings this year were 14 percent more than in 2003, according to the service.

Dallas, Collin and Denton counties each had increases of 7 percent and 14 percent over last year.

The four counties together reached 31,409 foreclosure postings, a 12 percent increase over 2003.

Many people seeking help with foreclosures are people who have lost their job, people with mounting medical bills and people living on Social Security checks who have a hard time making ends meet when unexpected expenses come up, said Kervyn Altaffer, attorney in Legal Aid of Dallas' housing department.

"It's a pretty broad spectrum," he said. "It's not just one thing."


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