Have you heard recent news information about the foreclosure surge? D-FW foreclosure postings up approx 18% Homes posted for foreclosure auction in April rose approx 18 percent in the Dallas-Fort Worth area That's up slightly from the 15 percent increase in the first three months of the year compared with the same period a year earlier. Along with foreclosures are interest rate hikes, rising living expenses, high consumer debt and relaxed lending standards, Some of the rise in foreclosures is due to the growth of subprime loans, which are extended to customers with low credit ratings. Subprime loans have put thousands of people in homes in recent years. But such loans are also more likely to go into foreclosure than prime loans are. Many subprime lenders have closed their doors in recent months, and others have tightened their belts, lending standards. The foreclosure rate could get even worse this year, both in Texas and in the nation as a whole, partly because of the popularity of adjustable-rate mortgages, in which monthly payments are periodically adjusted to reflect changes in interest rates. Higher payments,Interest rate hikes in recent years have made ARMs more expensive, adding hundreds of dollars to many borrowers' monthly payments. "I'm afraid that we've just begun to see the effects of all the negative factors: the subprime, the delinquencies, the rate adjustments on the ARMs." You may see home prices fall in neighborhoods with lots of foreclosure Stand through the storm It is not going to be easy!"But we can handle it, and I think the economy is mudding through it." In North Texas, Collin County had the largest increase in foreclosure postings for April, up approx 40 percent from the same month a year ago, according to Foreclosure Listing Service. Over the same period, foreclosure postings rose approx 11 percent in Dallas County, 20 percent in Tarrant County, 20 percent in Denton County and 29 percent in Rockwall County. Total residential foreclosure postings since the start of 2007 numbered approx 14,307, up 15 percent from the comparable period a year ago. Not all homes posted for foreclosure sale are sold. Some forced sales are delayed or the borrower reaches a new agreement regarding the debt with the lenders or attorneys. Texas has been one of the nation's top foreclosure markets in recent years. Some property owners are in a Hardship and they are looking for ways to save there investments through bankruptcy or sale! If you are considering selling you property call our experienced team 214-448-2888 www.myhomedfw.com