Foreclosure postings upward bound in Bexar County

Bexar County foreclosure postings reached a record high during the first quarter of 2009, according to newly released data from Foreclosure Listing Service Inc.

George Roddy Sr., president of Foreclosure Listing Service, says foreclosure postings are at the highest quarterly level seen in Bexar County since the company began tracking foreclosure data in Texas in 1963.

“Foreclosure postings in Bexar County have reached a new quarterly record level high,” Roddy says. “Topping 3,400 postings for the very first time, 3,447 foreclosure notices have been filed on real estate located in Bexar County for the first three foreclosure auctions of 2009. This represents the seventh consecutive year that foreclosure postings filed for the first quarter in Bexar County have increased.”

In January, a total of 1,081 homes were put up for auction in Bexar County. In February, 1,261 homes hit the auction block, a record number for a single month. Finally, some 1,105 homes are slated to be put up for sale at the auction scheduled for March 3.

Foreclosure activity in the first quarter of 2009 is up 26 percent compared to the first quarter of 2008.

“Just when you think that surely foreclosure postings will not get any higher, we see another increase in activity,” he says.


SA Business Journal