But analyzing more than 11,000 homes sold at foreclosure during the first half of 2008,

it's obvious that some areas have been hit harder by home mortgage defaults.

The largest number of foreclosures in the first six months of the year were in ZIP codes

75115 – which includes most of DeSoto – and 75052, Grand Prairie, according to data

supplied by Foreclosure Listing Service.

Broken out by city, the largest number of foreclosed homes in the first half of the year

were in Dallas, Fort Worth, Arlington and Garland.

The foreclosed homes in the five-county area on average had $123,668 in debt, a tax

value of $148,384 and loans that were four years old.

The average square footage of the foreclosed residences was about 1,941. And the

average age of the homes was 24 years.

Compared to the overall housing base in each city, the communities with the largest

percentage of foreclosures at midyear were Aubrey and Oak Point in Denton County and

Princeton in Collin County.

"If you look at those areas, most of them have subdivisions that have been built in the last

few years and that are way out," said George Roddy, chief executive of Addison-based

Foreclosure Listing Service. "You have the crummy loans that were made and add in the

cost of driving to work to Dallas, and people can't afford it.

"They wanted to get in a new home and get in it cheap and weren't thinking about the

cost of commuting."

Most analysts predict that foreclosure rates in Dallas and across the country will remain

high through next year.

Many homeowners who financed their houses with adjustable rate mortgages have yet to

see their payments increase. And when they do, it will be hard for many to make the

higher monthly payments or find cheaper funding.

Foreclosed homes now make up a sizable portion of the total inventory of housing for

sale in North Texas.

Currently, there are more than 3,100 foreclosed properties identified in the Realtors' local

multiple listing services. But the number is definitely higher since not all sellers of

foreclosed houses choose to identify the properties as distressed sales.

"A lot of these properties are going to auction before they are even listed for sale," said

agent Connie Zetterlund with Coldwell Banker Real Estate. "They are still selling for

pretty good prices."

But with the growing numbers of foreclosed homes and increased financial pressures on

lenders, it's likely that lenders will move faster to unload houses they have taken back.

"They are going to see in their pipeline what is coming on, and they are going to have to

get rid of more."