Thursday, May 18, 2006

Houston Foreclosures Up 50%

The Houston Real News has this update. "According to a foreclosure data provider, Harris County foreclosures in Houston's most populous county in June increased by nearly 50% over May's foreclosures."

"We reported 1,070 Trustee Foreclosures in May, and as the data shows below, there are 1,570 foreclosures scheduled to go on the block in the upcoming auction. The Houston foreclosures are being auctioned on June 6."

And here is a television report on rising foreclosures in Texas and elsewhere due to interest rates and ARMs.


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