Foreclosure.com's Latest Quarterly Comparison Reveals Texas Foreclosure Market Continues to Make Solid Strides

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Data analysis indicates “The Lone Star State” had nearly 22 percent fewer active distressed properties on its books in first quarter of New Year

The largest city in Texas, Houston, improved its active foreclosure situation by more than 22 percent, while its state capital, Austin, achieved a positive gain of more than 13 percent.

Foreclosure.com analyzed data that compared active Texas foreclosure totals from fourth quarter 2012 and first quarter 2013, revealing that “The Lone Star State” had 22 percent fewer homes in some stage of default.

There were 2,250 less active foreclosures in Texas from Jan. through March 2013 when compared to data collected between Oct. through Dec. 2012.

Waco, which is located between two of the largest cities in the state, Dallas and Austin, was the city that improved the most statewide on a quarterly basis, reducing its inventory by more than 54 percent. On the opposite side of the spectrum, the amount of distressed homes in Plano, a desirable Dallas suburb, increased nearly 4 percent.

The largest city in Texas, Houston, improved its active foreclosure situation by more than 22 percent, while its state capital, Austin, achieved a positive gain of more than 13 percent.

Here are the most (and least) improved cities in Texas (Q4 2012 vs. Q1 2013):

**Note: Only cities with a minimum of 50 active foreclosures in both quarters were analyzed**

Top 5 Cities

Waco     -54.43%
Lancaster     -44.07%
Beaumont     -42.86%
Laredo     -42.50%
Tyler     -41.51%

Worst 5 Cities

Plano     +4.69%
Mesquite     -9.57%
Lubbock     -11.11%
Corpus Christi     -11.21%
Austin     -13.02%

Foreclosure.com has also posted a helpful Texas foreclosures infographic that illustrates the data above – and more – in chart form at http://www.foreclosure.com/articlecenter/infographic-latest-texas-foreclosures-statistics-from-q4-2012-vs-q1-2013/.

ATTENTION EDITORS AND PRODUCERS:

For more information on Texas foreclosures, including the rankings of specific cities based on percentage of Q4 2012 vs. Q1 2013 improvement or otherwise, please contact Thomas Myers at (561) 988-9669 ext. 7381 or tmyers(at)foreclosure(dot)com.

About Foreclosure.com
With more than 2 million preforeclosure, short sale, foreclosure, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes, foreclosed homes for rent to own and tax lien listings in one place, Foreclosure.com delivers America’s largest and most accurate searchable database of distressed real estate and investment property information. Based in Boca Raton, Fla., Foreclosure.com works directly with hundreds of top lending institutions and government agencies to list diverse property types on its website, as well as features listings from an extensive network of corporate sellers. As a result, the company has been recognized by high profile media outlets and prestigious non-profit industry groups alike as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers much more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.

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