Dallas-Fort Worth sees jump in foreclosures of $1 million-plus homes
The rising tide of residential foreclosures in North Texas is putting more high-end homeowners underwater.
“The largest gains in first-quarter home [foreclosure] postings were among luxury homes,” said George Roddy, president of Addison-based Foreclosure Listing Service.
More than 13,000 D-FW homes were posted for foreclosure in the first three months of 2009, Foreclosure Listing Service said Feb. 12.
Filings for homes priced at $1 million and up jumped 175 percent from a year earlier, the service said Tuesday. And foreclosure postings were up almost 40 percent for houses priced from $500,000 to $999,000.
“Compared to two years ago, postings of ultra-luxury homes have skyrocketed,” Roddy said in a prepared statement.
