Central TX foreclosures fall 17% in February, up 2.5% year-over-year

12th March 2010 | Category: General

Texas foreclosures shot up an average 3.4 percent from January to February, while Central Texas rates fell almost 17 percent, according to new data from RealtyTrac Inc.

The Irvine, Calif.-based company, which compiles and sells foreclosure data for its U.S. Foreclosure Market Report, said the state had 12,638 default notices, scheduled auctions and bank repossessions filed in February. The rate was up 20 percent compared with February 2009.

For the Central Texas region — Bastop, Caldwell, Hays, Travis and Williamson counties — the foreclosure rate increase 2.5 percent year-over-year last month. The region had 910 total default notices, scheduled auctions and bank repossessions.

Read more at the Austin Business Journal