It's a record -- over 5,500 properties are threatened by foreclosure in May, a 25% increase from 2008's statistics.
Addison-based Foreclosure Listing Service has been tracking the statistics and tells the Dallas Morning News the latest uptick in listings may be due to self-imposed moratoriums on foreclosures initiated by the lenders.
Even with listings on the rise, buyers looking for a good deal may not see a difference. On average, around 30% of homes listed are actually foreclosed on -- now the number is in the teens.
Collin County had the highest increase in foreclosure listings, with a 45% increase in May.
Foreclosure listings simply catalog properties in danger of being forcibly sold, but are good indicators of home market trends -- as well as an indicator of the impact of the current recession.