"The percentage is up, but the type of buildings is a good sign for the class A and class B buildings," says George Roddy Sr., president of the Addison, TX-based watchdog firm. "It's certainly not unexpected, given the tightening of credit and so forth." Residential foreclosure notices spiked to 46,277, up 31% year to date versus last year at this time and are predicted to hit 50,000 by year's end.

Roddy tells GlobeSt.com that commercial brokers have started to closely monitor his lists because they have investors looking to park capital that they've siphoned from the stock market. "Lots and lots of investors are sitting on the sidelines. They are taking money out of the stock market due to the volatility," he says. "The brokers are quite interested in keeping up with potential deals. We've had a lot of calls in the last 60 days and in the past 30 days, most particularly." Courthouse auctions will be held next Tuesday.

Roddy says commercial foreclosure notices have been steadily rising for "five or six months." For the second consecutive year, Tarrant County has exceeded Dallas County, which Roddy believes is the outgrowth of the difference in prices for assets and land. "In some degree that surprises me because Tarrant is generally behind in sales volume," he explains, adding that seemingly has changed in the past 18 months. As a result, Tarrant is facing more foreclosure notices these days--803 to Dallas County's 736. Collin County postings totaled 119 and Denton County, 125.

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