Tarrant County is on track to have about 20,000 foreclosures this year. We are averaging about 1500 a month so far.
Here’s an interesting site that will allow you to break down foreclosed and REO listing by City, County, or Zip. You can also switch it to a map viewer viewer that gives it some cool tangibility.
Thanks to Chuck for writing in, or I never would have looked this stuff up. And JJ, you brought up some good points about the percentages in your comment yesterday. I have to admit that I was a little perplexed by it, but I was drinking beer at Capital Bar when I read your comment.
September 18th, 2009 at
In my prior (albeit confusing) comment I was trying to get to the percentage of Tarrant county mortgage loans that are in or near foreclosure.
Using today’s slice of information let me try this again.
If there will be an estimated 20,000 foreclosures in Tarrant County this year – how many mortgages are there that are over 90 days old? ……..250,000?
If so, that’s an 8% foreclosure rate. That might be lower then the nation – but it is not insignificant.