Dallas-Fort Worth home foreclosure filings rise to record high

Home foreclosure filings in the Dallas-Fort Worth area have risen to a record high, with more than 5,500 properties facing forced sale next month.

The number of houses threatened with foreclosure in May rose 25 percent from a year earlier, breaking all previous records, according to statistics released Thursday by Addison-based Foreclosure Listing Service.

Worsening economic conditions have caused more homeowners to fall behind in their mortgage payments. But analysts with Foreclosure Listing Service say the biggest reason for the increase in postings in the last few months has been moratoriums on foreclosures put in place by many mortgage lenders.
"They have been reposting many of these properties every month because of the moratoriums," said George Roddy, Foreclosure Listing Service president. "They have no choice but to continue posting the properties for foreclosure while they negotiate with the borrowers."

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