Posts Tagged ‘Dallas-Fort Worth’

Free Foreclosure Prevention Workshop Saturday November 7th

The Star-Telegram has announced a free foreclosure prevention workshop.
Date: Saturday, November 7, 2009.
Time: 9am – 2pm
Location: Dallas Convention Center, 650 S. Griffin St.
The workshop is designed to help homeowners facing foreclosure discover their options for preventing foreclosure.  Homeowners will also have an opportunity to meet with their mortgage servicing company and/or a housing counselor to [...]

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Foreclosures Increase By 35 Percent

According to an article in the Star-Telegram, the number of foreclosures in Tarrant County have increased by 35 percent since November 2008.
The article said:
“At this pace, and with only December’s postings remaining to be filed, I fully expect D-FW residential postings for 2009 to top 60,000, which will be an all-time record high,” Roddy said [...]

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Dallas-Fort Worth’s Condo Glut Could Fuel Foreclosure Crisis

According to an article in the Star-Telegram, Dallas-Fort Worth has one of the worst oversupply of condos in the country.  Dallas alone has a five-year supply of million-dollar condo units sitting empty.  The high priced condos account for 1 out of every 4 condos in foreclosure The glut of condos have been hurting prices and [...]

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Commercial Real Estate Foreclosure

According to an article in the Dallas Morning News, Dallas-Fort Worth’s commercial real estate industry may face another year of foreclosures as more properties lose value and financing.
The article said:
“The vast majority of buildings bought after 2005 are absolutely not worth the debt,” said Paul Whitman, president of commercial real estate firm Jones Lang [...]

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As Unemployment Increases More Employers Use Credit Checks

It’s seems to be getting tougher out there for Americans who are struggling financially, facing foreclosure and/or bankruptcy. According to an article in the Dallas Morning News, as millions of Americas face job losses, more employers are choosing to run credit checks on prospective workers. And what’s on a candidate’s credit report may affect [...]

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Dallas-Fort Worth Foreclosures Increase By 34 Percent

According to an article 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 [...]

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Tarrant County’s Foreclosure Crisis Hits City Budgets Hard

Cities in Tarrant County are being hit hard by the foreclosure crisis which has slowed down property value increases this year.  According to an article in the Star-Telegram, because of foreclosures and slow property sales, Tarrant County’s property values rose only 2.4 percent this year, the smallest increase in 15 years.
The article said:
“The overall [...]

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Foreclosure Crisis Takes a Toll on City Budgets

According to an article in the Star-Telegram, America’s foreclosure crisis is hitting cities hard, forcing them to cut back on services and implement job losses. Unfortunately, Dallas-Fort Worth is amongst the foreclosure casualties.
The article said:
“…NLC research director Christopher Hoene warned that cities including Los Angeles, Dallas and Chicago have explored cuts to public safety as [...]

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Dallas-Fort Worth’s Hotels Heading to Bankruptcy?

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, [...]

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Dallas-Fort Worth Foreclosures Skyrocket

More than 42,000 Dallas-Fort Worth area homes have gone on the foreclosure auction block since January 2008, up more than 35% from 2007, according to the Dallas Morning News.

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