Rising Foreclosures

5,548 Dallas-Fort Worth area homes were posted for forced sale in March’s foreclosure auctions.

Concerning foreclosures, the Dallas-Fort Worth area is definitely not out of the woods yet.  There has been somewhat of a turnaround in the economy, but many people are continuing to struggle.  According to Dallas area-based Foreclosure Listing Service Inc., 5,548 homes were posted for forced sale in March.  That’s 30% more than the same period last year, and it shows that many homeowners are still struggling to get by.

Just last month there was some optimism when the same company said that February postings were actually down 4% from the previous year.  That was the first time that the number of foreclosures fell relative to the previous year since October 2007.  That’s a very long time, and it shows how the number of homeowners struggling has been steadily increasing.

The 5,548 number is also an 18% increase in the previous month, which shows that February could have been more of an anomaly than a source for any optimism.  If you look at the first three months of 2010, you will see that foreclosure postings are up 22% from the same time last year.

You have to take these numbers for what they are though, because fewer than half of the homes posted for foreclosure actually get sold by lenders.  The homeowners are sometimes able to work something out with the lenders, or sometimes the homeowners avoid foreclosure by just give the house back to the lenders.

Anyway, if you find yourself thinking that this story is hitting too close to home, you may want to consider bankruptcy.  Sometimes bankruptcy gets a bad reputation, but everyday bankruptcy helps people turn their lives around.  Bankruptcy can help you restructure and eliminate debts while keeping your home and vehicle.  You will no longer have to worry about your home being posted for foreclosure, and you will be able to move on with your life.

You’ll be able to stop the harassing collection calls , and you will be able to sleep easier at night.  Most importantly, you can help prevent foreclosure by gaining control of your financial situation.  If you would like to find out more, contact a bankruptcy attorney today.  You can have any of your questions answered, and you will be shown whether or not bankruptcy can help you.