The Carvajal Group Blog

Austin foreclosures up 10 percent

November 24th, 2010

According to a Foreclosure Listing Service Inc. report from last week, Austin area homeowners received 15,622 foreclosure notices since the beginning of the year.

This number marks a 10 percent increase from the number of foreclosure notices this time last year. It is also a record high for the last nine years, topping last year’s 14, 138 notices.

“While most of the increase is due to the natural monthly fluctuations of the market, a portion certainly may be due to some lenders posting additional properties this month because the eased off last month in response to the Attorney General of Texas’ office issuing a demand letter to a number of lenders,” FLS President George Roddy Sr. said.

If you are looking at real estate in the Austin area, contact the Austin real estate agents of the Carvajal Group at 512-419-7770 today.

Tags: Austin Real Estate · Austin Real Estate Agent · Austin real estate sale