The Mosaic Building apartments in downtown Dallas is facing foreclosure . At least one of the building’s lenders has filed foreclosure on a $63 million loan. Businesses and residents leasing in the building will not be impacted by the foreclosure. Hamilton Properties which owns Mosaic said that it has no plans to lay off employees and there are no rumors of a future bankruptcy . …
Category: Bankruptcy , Breaking News , DFW Metro Bankruptcy , Economy
Wal-Mart Stores, Inc. is implementing 11,200 job losses at its Sam’s Club warehouses in an effort to stop financial losses being experienced by the discount grocery chain. Approximately 1,200 of those job losses will be in Texas.
The cuts represent about 10 percent of the warehouse club operator’s 110,000 staffers across its 600 stores. That includes 10,000 workers, mostly …
Tags: DFW Job Loss Sam's Club Texas Wal-Mart
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 …
Have you noticed the commercial centers near you growing a little quieter lately? If so, you’re not alone. Commercial real estate nationwide has taken a beating that has many experts fearing the worse. Vacancy rates have soared while rents have hit rock bottom. And many property owners are struggling to avoid foreclosure . Some have even filed for bankruptcy . According to the …
Category: Bankruptcy , Chapter 11 Bankruptcy , DFW Metro Bankruptcy , Foreclosures
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 LaSalle’s Dallas …
In the bankruptcy case of White, Terry P.; In re, the bankruptcy court overruled a debtor’s objection to his ex-wife’s claim.
The details of the bankruptcy case:
“When the debtor and his wife divorced, he received the family home and was ordered to pay his wife $30,000 out of the proceeds from the property’s sale. She received a lien against the property to secure that obligation. …
Category: Bankruptcy , DFW Metro Bankruptcy , Divorce and Bankruptcy
The December 1st deadline for securing the $8,000 tax credit for buying a new home (if you’re a first-time buyer) is quickly approaching. But is this program just a government sponsored no-money down scheme that could increase the number of foreclosures in the long-term?
According to an article in the Star-Telegram, the tax credit has already had a big influence on the housing market …
Comment by Jacob Decker: … you notice in the DFW area how many cranes were operating …
Lawmakers concerned that change is not fast enough for the crisis.
The foreclosure crisis is still wreaking havoc on communities. The Star Telegram published updated foreclosure statistics this week. The article noted the highs and lows, stating that, “Residential foreclosure postings for the August Tarrant County auction are down significantly from the July 7 auction, but still …
Category: DFW Metro Bankruptcy , Foreclosures , Fort Worth Attorney
In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.
The details of the bankruptcy case:
In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her son (the debtor) the responsibility of …
Category: Bankruptcy , DFW Metro Bankruptcy , Dallas Attorney
In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.
The details of the bankruptcy case:
In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her son (the debtor) the responsibility of …
Category: Bankruptcy , DFW Metro Bankruptcy , Dallas Attorney
Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy. Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy. Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy. A …
Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy
Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy. Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy. Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy. A …
Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy
I am a homegrown Texas Attorney certified in Consumer Bankruptcy by the Texas Board of Legal Specialization. I was born in Jacksboro, Texas and raised in Abilene.
Now, I am a proud resident of Dallas/Fort Worth. Although my first name is Weldon, I go by “Reed” (my middle name). I have been an attorney for over 9 years and my firm has helped thousands of people with foreclosure or other financial-related issues.
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