Friday, December 23, 2011

DFW commercial foreclosure postings fall for first time in six years | Star-Telegram

Foreclosure postings on commercial properties in North Texas fell for the first time since 2005 and may have peaked, according to a year-end analysis by Addison-based Foreclosure Listing Service.

Commercial real estate includes office buildings, retail space, industrial facilities and apartments, along with land and miscellaneous buildings.

North Texas' four largest counties had 2,860 filings, down 14 percent from 3,313 in 2010. That number includes filings for foreclosure auctions through December, which has already been held.It's the first time in six years that commercial filings are down, said George Roddy, president of Foreclosure Listing Service. "Notices during the previous year ... appear to have been the peak, at least so far," Roddy said.

Read more...DFW commercial foreclosure postings fall for first time in six years | Star-Telegram

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