Home foreclosure rates in the Dallas-Plano-Irving area rose for the month of September over the same month last year, but remain below the national foreclosure rate, according to data released Thursday.
The rate of foreclosures among outstanding mortgage loans was 1.26 percent for September, an increase of 0.35 percentage points compared to September of 2008 when the rate was 0.91 percent, according to First American CoreLogic, a real estate data collection company.
Foreclosure activity in Dallas-Plano-Irving was lower than the national foreclosure rate of 2.93 percent for September 2009, but slightly higher than the Texas rate of 1.15 percent, according to First American, which collects national, state and local data on home prices, foreclosure and delinquency.
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