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 of commercial building foreclosure …

Comment by uberVU – social comments: … Real Estate Foreclosures Rise More Than 25 Percent …

Comment author URL: http://www.ubervu.com/conversations/www.allmandandlee.com/bankruptcy_blog/dallas_bankruptcy/dallas-fort-worth-commercial-real-estate-foreclosures-rise-more-than-25-percent/

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

Permalink: /dallas_bankruptcy/dallas-fort-worth-commercial-real-estate-foreclosures-rise-more-than-25-percent/

Foreclosures in the Dallas- Fort Worth area rose again by 18 percent compared to last month’s foreclosure filings.  But compared to last year’s foreclosure filings in the same month, the foreclosures increased by a whopping 37 percent.  Many analysts believe that many foreclosures that were on hold at the end of 2009 are now being released causing the most recent rise in foreclosures.  …

Category: Breaking News , Economy , Foreclosures , Loans / Mortgages , Unemployment - Job Loss

Tags: Dallas-Fort Worth Foreclosures HAMP

Permalink: /foreclosures/dallas-forth-foreclosures-continue-to-rise/

… Housing Administration are literally draining the agency of its cash reserves. The number of FHA foreclosures has increased 26 percent within the past year and at least 9.1 percent of FHA borrowers are at least 3 payments delinquent on their mortgage payments as of December.

The problems are rooted in FHA mortgages made in 2007 and 2008. Those loans are now maturing into their worst years because failures most often occur two to three years after a mortgage is made…If the trend …

Category: Economy , Foreclosures , Loans / Mortgages

Tags: FHA Foreclosures

Permalink: /foreclosures/fha-loans-threaten-another-wave-of-foreclosures/

… to an article in Reuters, America’s high unemployment rate is causing a surge in the number of foreclosures and bankruptcy filings nationwide.

The article said:

“Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July…By comparison, 4.89 percent of mortgages were 30 days past due in August 2008…The rate of subprime mortgage delinquencies now tops 41 percent, up from about 39 percent in each of …

Category: Bankruptcy , Economy , Foreclosures

Tags: Bankruptcy Foreclosures Unemployment

Permalink: /foreclosures/unemployment-rates-push-foreclosures-and-bankruptcies-higher/

According to an article in the Star-Telegram, the rise in foreclosures has slowed Tarrant County’s net taxable property values putting many cities on a tight budget.

The article said:

“Tarrant County’s net taxable property values increased the smallest amount in 15 years, creating fear among many local government officials as they prepare their budgets for next year.

The data released Monday shows a 2 percent increase in the net taxable …

Comment by Hal: … another round of foreclosures ratcheting up. I …

Category: Foreclosures , Fort Worth Attorney , Lawsuits

Permalink: /foreclosures/foreclosures-reduce-taxable-property-values/

… include buildings, hotels, shopping centers, warehouses and commercial land. In total, the foreclosures represent more than $900 million in debt.  Some of the biggest foreclosures were the Four Seasons Resort and Club with more than $183 million in debt and the Mosaic apartment buildings with around $66.5 million in debt.

Commercial real estate foreclosures have come to represent a new wave of foreclosures that are directly impacting the business world.  The foreclosures seem to be …

Category: Breaking News , Economy , Foreclosures

Permalink: /foreclosures/dallas-fort-worth-commercial-real-estate-foreclosures-surge/

Commercial real estate foreclosures may be poised to be a major Achilles heel for the financial recovery we all hope to see.  Many commercial real estate properties are losing serious value and tenants causing a jittery reaction of commercial real estate lenders.   It’s becoming a common headline to hear about some “poor” real estate developer who lost his/her shirt because a loan became due and no commercial …

Category: Economy , Foreclosures

Permalink: /foreclosures/why-more-commercial-real-estate-foreclosures-could-hamper-a-recovery/

… percent of new loans in the U.S. against default, has suffered heavy losses due to a high rate of foreclosures. More than 18 percent of FHA loans are at least delinquent by 30 days.  That’s more than the national average of 14 percent. The foreclosure crisis has even caused the FHA’s reserve to fall below the limits required by Congress. To combat the ill effects of the foreclosure crisis, the FHA is planning to implement new rules.

Under the changes, homebuyers will:

-Pay an …

Category: Economy , Foreclosures , Loans / Mortgages

Tags: Delinquent Down Payment FHA Foreclosures New Home Loan

Permalink: /foreclosures/fha-rules-to-change-as-foreclosure-crisis-worsens/

Dallas- Fort Worth residential foreclosures schedule for January remain on the high end.  In Dallas County, there were 2,502 foreclosure postings for December while Tarrant County experienced 1,500 foreclosure postings.  But many mortgage lenders and servicers are holding back a backlog of foreclosures for the holiday which many suspect they will unload come January 2010. Many homeowners who have not paid their mortgage …

Category: Economy , Foreclosures

Permalink: /foreclosures/will-we-experience-a-january-spike-in-foreclosures/

… 290,000 foreclosure cases… A majority on the high court’s Task Force on Residential Mortgage Foreclosures recommended trying mediation on owner-occupied homes before cases go to court, with lenders picking up the tab. Borrowers would be contacted by phone and mail and asked to participate. The high court did not immediately act on the proposal.”

But lenders don’t want to pick up the tab to mediate foreclosure disputes. They want at least a 50/50 split of expenses with the …

Category: Economy , Foreclosures

Tags: Alternatives to Forclosure Residential Foreclosures

Permalink: /foreclosures/mediation-in-lieu-of-foreclosure/

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 in a statement.

The number of foreclosures in the Dallas-Fort Worth area has already tripled …

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

Permalink: /dallas_bankruptcy/foreclosures-increase-by-35-percent/

… that many homeowner advocate groups are looking for ways to identify and punish attorneys who file foreclosures with false information.

The article said:

“Some of the most egregious Florida examples come from Sarasota County, where a study this summer that looked at the civil courts system found three of four foreclosure cases that went forward without the proper paperwork.”

As if suffering under toxic mortgage payments isn’t enough, now homeowners have to face foreclosure …

Category: Foreclosures , Property Exemptions

Permalink: /foreclosures/foreclosures-go-forward-despite-errors-and-false-statements/