McLennan County has largest increase in foreclosures in Central - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |


McLennan County has largest increase in foreclosures in Central Texas


WACO -  McLennan County has the largest increase in foreclosures of any county in the Austin, San Antonio and Central Texas region.

Filings for February jumped 36 percent compared to the same month last year.

Ninety percent were for single-family homes, and 16 percent of those involved homeowners that owed more than their home was worth.

The situation was a bit better in Bell County, with filings up 20 percent.

Investors have typically been able to purchase properties for anywhere from 46 to 64 cents on the dollar.

George Foddy of Foreclosure Listing Service says the figures indicate a recovery in the real estate market isn't happening any time soon.

For more information, you may visit the Foreclosure Listing Service, Inc. web site.

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