Foreclosures down in July, up for year
The number of property foreclosures in Harris County was down in July as compared to a year ago, according to Foreclosure Information & Listing Service Inc.
The Woodlands-based service reports that 1,252 properties went into foreclosure in July. That’s a 2 percent decline from July 2009, when 1,278 properties experienced the same fate.
A total of 4,092 properties were posted for foreclosure this month — 8.4 percent less than the 4,466 properties posted for foreclosure in July 2009.
Foreclosure postings in Harris County have decreased each month in the second quarter when compared to the same time periods in 2009, reports Foreclosure Information & Listing Service.
Year-to-date, 26,974 properties have been posted for foreclosure — a 21 percent increase over the same time period in 2009 when 22,325 properties were posted.
So far this year, 7,839 properties have gone into foreclosure —24 percent more than in the first seven months of 2009, when 6,310 properties fell into foreclosure.