Bad Paper

Foreclosures postings scheduled for this July in the Dallas/Ft. Worth metroplex jumped significantly from last year. However the 33% increase is mostly the result of calendar fluke. Last year’s postings were down because the 2007 foreclosure date fell on the day before Independence Day. And many lenders took the extra day off. Nonetheless, over 3,700 homes are scheduled for foreclosure this July, which is significant anyway.