Local foreclosures going to third party buyers

Sept. 22, 2008

Foreclosure Listing Service Inc. has completed a study of foreclosure postings sold at foreclosure auctions and lists Denton as the highest rate of third party purchasers in the four county area including Dallas, Tarrant, Denton and Collin counties.

According to George Roddy Sr., president of Foreclosure Listing Service, 5 percent of the foreclosure postings that were actually auctioned off at the foreclosure auctions were purchased by third party buyers during the first nine months of the year, totaling a little more than 700 properties from January through September.

Full Story at Fort Worth Business Press