Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Tuesday, May 26, 2009

REPEAT FORECLOSURE POSTINGS RISE

AUSTIN (Austin American-Statesman) – Property foreclosures continue to rise in Central Texas, but the majority were repeat postings by lenders who have stopped short of seizing the homes.

In Travis County, 57 percent of the 441 postings for the June 2 auction were repeats, according to Addison-based Foreclosure Listing Service Inc., up from 49 percent in April and 37 percent in March.

Overall, June postings in Travis, Williamson, Hays and Bastrop counties were up 52 percent from a year ago, the same percentage for the first half of the year.