There were 2,431 Dallas- Fort Worth commercial real estate foreclosures in 2009, that’s up from 1,900 commercial foreclosures in 2008.

The biggest rise in commercial foreclosure filings in 2009 was in postings for office – up 121 percent – and retail buildings, up 20 percent.  Foreclosure filings for commercial land also increased by 71 percent compared with 2008. Apartments were near the top of the list …

Comment by uberVU – social comments: … Dallas-Fort Worth Commercial Real Estate …

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Category: Dallas Bankruptcy , Economy , Foreclosures , Unemployment - Job Loss

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I don’t want to sound the alarm too soon; but the road to municipal bankruptcy usually begins with small things, like the city’s recreational facilities facing budget shortfalls and closure.  Unfortunately, Fort Worth, like many other municipalities around the country has suffered tax revenue declines caused by the battered economy and now they may need to close the city’s swimming pools–indefinitely.

Most of the city’s swimming pools will be …

Category: Fort Worth Bankruptcy

Tags: Bankruptcy City Council fort worth

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More than 5.7 percent of Dallas- Fort Worth homeowners are more than 90 days delinquent on their mortgage and facing a possible foreclosure.  Plus, another 1.41 percent of Dallas-Fort Worth homeowners are already in foreclosure.  The irony of this is that we are constantly being told that the recession is clearing and that things are getting better.  But all the while Dallas-Fort Worth homeowners are risking foreclosure …

Category: Dallas Bankruptcy , Economy , Foreclosures , Fort Worth Bankruptcy

Tags: Arlington Bedford Colleyville dallas Desoto Euless foreclosure fort worth Grand Prairie Grapevine Hurst North Richland Hills Plano Richland Hills Southlake

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According to an article in the Dallas Morning News, more than 250 Dallas- Fort Worth area commercial and investment properties are facing foreclosure in October. The properties have more than $400 million in debt attached to them and included in the foreclosure filings are several large developments.

The article said:

“The just-completed Two Addison Circle office building on the Dallas North Tollway is scheduled for foreclosure action by lender Wachovia Bank. …

Category: Dallas Bankruptcy , Foreclosures , Fort Worth Bankruptcy

Tags: dallas foreclosure fort worth Real estate

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… in the Dallas Morning News, the number foreclosures scheduled for next month in the Dallas- Fort Worth area  increased by 34 percent from a year ago.

The article said:

“Much of the increase is due to loan modification programs, which have delayed foreclosures from previous months. Almost 6,000 homes are scheduled to be sold at foreclosure next month…”

And some of the foreclosures are reposts from previous months.  Many homeowners attempting to avoid foreclosure thorough …

Category: Bankruptcy , Dallas Bankruptcy , Economy , Foreclosures , Fort Worth Bankruptcy , Loans / Mortgages , Subprime Mortgages

Tags: Dallas-Fort Worth foreclosure Mortgage

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… If you’re in financial hot water, it may be too late to do anything but consult an experienced Fort Worth bankruptcy attorney to help bail you out.

If you’re in financial hot water, it may be too late to do anything but consult an experienced Fort Worth bankruptcy attorney to help bail you out.  However, even then, the following steps will definitely go a long way toward improving your financial (and emotional) state of being.

1.  Make a realistic budget–and stick to it! …

Category: Chapter 7 Bankruptcy , Debt and Tax Relief , Fort Worth Lawyer

Tags: Credit card Finance Financial crisis fort worth Health insurance Insurance

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… residents are creating a budget crisis for homeowners associations, especially in Dallas- Fort Worth area. With many properties vacant and other homeowners failing to pay their dues, the associations are struggling to provide basic maintenance.

The article said:

“To increase collections and balance their books, many associations are raising dues, imposing emergency fees and even forcing foreclosures. Others are saving money by deferring maintenance and capital improvements, …

Category: Credit Crisis , Economy , Foreclosures , Fort Worth Bankruptcy

Tags: foreclosure Foreclosures Fort Worth Texas

… pressure on city government budgets, many of which are suffering from deficits. Even in Dallas- Fort Worth, city officials are considering cuts to services to make up the budget difference. Most of the cities in Tarrant County depend heavily on property taxes which have become depressed because of the foreclosure crisis. And many homeowners who are not in foreclosure have taken their depressed home values as an opportunity to file challenges to their property tax amounts.  So far, …

Comment by Jim Ince: … those of us in the bankruptcy industry that everyone …

Category: Breaking News , Foreclosures , Fort Worth Bankruptcy , Subprime Mortgages

Tags: Dallas-Fort Worth foreclosure Property tax Real estate

The burning question in most potential bankruptcy debtors’ minds is “What can I keep?”  You’re understandably worried about losing everything, but let me just put your mind at ease.  You’re definitely not going to lose everything. In fact, most people keep everything.  Bankruptcy was created specifically to help consumers sinking under the waves of financial overburden, and both state and federal law provide for …

Comment by Jim Ince: … of value in a bankruptcy. Most people worry about …

Category: Chapter 7 Bankruptcy , Dallas Bankruptcy Laws , Fort Worth Bankruptcy Laws , Property Exemptions , bankruptcy law

Tags: bankruptcy law chapter 7 Exemptions Texas

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According to an article in the Dallas Morning News, Dallas-Fort Worth ’s hotel industry has hit a rough patch, occupancy rates are way down and if things don’t improve soon some area hotels may be heading to bankruptcy.

The article said:

“For the first six months of 2009, demand was off by 10.9 percent, occupancy by 12.4 percent, average daily room rate by 8.3 percent and revenue per available room by 20 percent from the same period a year …

Category: DFW Metro Bankruptcy , Economy

Tags: Bankruptcy Chapter 11 Title 11 United States Code Dallas-Fort Worth

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… millionaires.  However, one of the most beautiful gardens is in our own backyard, the Fort Worth Botanical Gardens.  If you have never strolled the gardens, then you are past due for a dose of serenity.  As the admission for the general grounds is free, it’s probably the cheapest form of stress relief in the area.  But don’t go just for the view or to smell the roses.  Go to enjoy and take-in an important piece of history.  Just before you enter the arches of the rose …

Category: Economy , Fort Worth Bankruptcy , Fort Worth Lawyer

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According to an article in the Star-Telegram, the owner of Fort Worth ’s historic Ridglea Theater filed for bankruptcy this week in an effort to stop foreclosure on the property.

The article said:

“The R.K. Maulsby Family Trust filed for Chapter 11 protection Thursday, stating that its debts are $1 million to $10 million. The Fort Worth school district, the only creditor to file a response so far, says it’s owed $31,416, according to …

Category: Bankruptcy , Breaking News , Fort Worth Lawyer

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