Foreclosures To Increase in 2021

[Jim Cummings]

Barring a continuation of the Eviction Moratorium and additional action to limit Lenders from Foreclosing on Homeowners and landlords, expect to see an increase in 2021 and probably beyond. 

Received the following today from a Foreclosure Listing Service in Texas that monitors the major counties in the DFW, Austin & San Antonio areas of Texas.

Almost every county we cover showed an increase in postings for the first auction of 2021. We have seen banks and lenders increase posting volumes as anticipation increases for news on eviction and foreclosure moratoriums and potential new stimulus package. I included a quick chart showing posting counts over the past year. Notice that this increase is just the first step in what we hope is a trend for 2021 and we still have a ways to go to get to pre-covid posting levels.

Here are some stats from some of our larger counties:

• Dallas County: 176 (+85%) (Dallas)
• Collin County: 42 (+50%) (Plano)
• Denton County: 43 (+126%) (Denton - North Of DFW)
• Tarrant County: 101 (+51%) (Fort Worth)
• Bexar County: 138 (+14%) (San Antonio)
• Harris County: 409 (+19%) (Houston)
• Travis County: 40 (+54%) (Austin)
• Williamson County: 18 (+50%) (Austin / Round Rock /Georgetown)
• Bell County: 29 (+61%) (Temple)